After a two-year delay, the Securities and Exchange Commission approved a merger of Trump’s social network with an acquisition group called Digital World Acquisition Corporation.
This merger is worth an estimated $10 billion. This will allow Trump to take TRUTH Social public in an IPO. That can result in a massive boost to the company’s wealth. The former president will own around $79 million in shares of the business.
It is likely that, once the company goes public, investors will rush to buy. That could cause the value of shares to skyrocket, providing Trump with even more wealth and resources.