✨ Trump's Populist Approach: A Billion-Dollar Strategy?
posted 22 Mar 2024
Donald Trump's venture into social media with Truth Social is gearing up for a stock market debut, thanks to a merger deal with Digital World Acquisition getting the green light from investors. The stock could potentially trade under Trump's initials, DJT.
Despite a lukewarm start in sales, shares of Truth Social have surged 145% since the year's start. Trump is poised to hold an estimated $3 billion stake, with a six-month lock-up period post-merger.
This could bolster his financial standing, recently dented by hefty legal fees and civil case settlements.
Detractors suggest that Truth Social's market triumph is heavily speculative, more closely aligned with Trump's political influence than any tangible market success.
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