Billionaire Republican Donor's Firm Was Top Investor in Trump's Truth Social Media Deal
-
Philadelphia billionaire Jeffrey Yass's firm Susquehanna was the largest institutional shareholder in Digital World Acquisition Corp. (DWAC), which merged with Trump's Truth Social media platform.
-
Yass is a major Republican donor but has not donated to Trump's campaign. The merger could net Trump over $3 billion.
-
Susquehanna has held DWAC stock since the Trump Media merger was announced in October 2021. The firm invests in thousands of companies.
-
Truth Social launched in February 2022 after Trump was banned from platforms like Twitter following the Jan. 6 Capitol attack.
-
Yass recently met with Trump, who came out against a TikTok ban after the meeting. Susquehanna has a stake in TikTok's parent company.
/cloudfront-us-east-1.images.arcpublishing.com/pmn/JXCMJ6B7NZFCBFQVHSEP6JGHPA.jpg)