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Trump's Truth Social Set to Go Public, Could Net Him Billions

The merger with Digital World Acquisition Corp. values Truth Social at about $5 billion, potentially enriching Trump by $3 billion.

  • Trump's social media network, Truth Social, is merging with Digital World Acquisition Corp., valuing the company at approximately $5 billion.
  • Trump, owning roughly 60% of Truth Social, could see paper gains of around $3 billion, though immediate access to these funds is restricted.
  • The merger comes as Trump faces significant financial and legal challenges, including a $454 million bond for a fraud conviction and lagging campaign fundraising.
  • A joint fundraising agreement with the RNC aims to support Trump's campaign and legal expenses, with individual donors able to give up to $814,600.
  • Truth Social's public debut is marked by uncertainty, including Trump's limited ability to sell shares and the platform's unproven long-term viability.
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