Posted 3/25/2024, 4:55:00 PM
Trump's Truth Social to Become Publicly Traded Company, Valued at Billions
- Trump Media & Technology Group, owner of Truth Social network, will start trading publicly on Nasdaq exchange on Tuesday
- Shareholders approved merger of Trump's media company with Digital World Acquisition Corp shell company
- Trump owns nearly 79 million shares in combined company, stake worth nearly $3 billion based on Friday's stock price
- Truth Social launched in February 2022 as a conservative alternative to Twitter after Trump was banned from major platforms
- Trump Media lost $49 million in first 9 months of 2022, but will now disclose more financials as a public company