Trump's Truth Social Going Public in $5B Deal, Trump's Stake Worth $3B But Locked Up For Now

• Investors approved taking Trump's Truth Social platform public, netting Trump a $3B paper fortune • Trump Media & Technology will trade on the stock market under the ticker “DJT” with an over $5B valuation • Trump owns 79M shares in the combined business, equating to around a $3B stake • Trump can't cash in his stake right away due to a 6-month lockup period for key shareholders
• The stock price surge is largely driven by retail investors and memes, not fundamentals, as Truth Social has struggled so far