{"id":2203543,"date":"2024-03-21T16:05:02","date_gmt":"2024-03-21T20:05:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-could-make-billions-from-truth-social-stock-as-company-looks-to-go-public\/"},"modified":"2024-03-21T16:12:47","modified_gmt":"2024-03-21T20:12:47","slug":"trump-could-make-billions-from-truth-social-stock-as-company-looks-to-go-public","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-could-make-billions-from-truth-social-stock-as-company-looks-to-go-public\/","title":{"rendered":"Trump stands to profit significantly from Truth Social&#8217;s stock as the company prepares for its public debut, potentially amounting to billions"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">42<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-could-make-billions-from-truth-social-stock-as-company-looks-to-go-public%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2203543&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Trump&#8217;s Financial Potential Amidst Legal Hurdles<\/h2>\n<p>With a staggering $454 \u2063million civil fraud judgment hovering over former President\u2062 Donald Trump, the upcoming 2024 presidential contender finds himself\u2062 at the brink of a potentially massive financial gain. The focal point of this\u200d financial \u2062saga\u200d is his brainchild, \u2064Truth Social, which eyes \u200ca grand entry into the public\u200d realm.<\/p>\n<blockquote>\n<p>&#8220;Trump&#8217;s stake in the public\u2062 company could amount to about 60%, translating to\u2062 a whopping $3.5 \u2062billion considering its current valuation. Exciting times lie ahead for the controversial figure in the realm of digital influence and financial prospects.&#8221;<\/p>\n<\/blockquote>\n<h3>Shareholder&#8217;s Decision\u200b and Market Outlook<\/h3>\n<p>Shareholders are gearing up \u200bfor the pivotal vote scheduled for Friday concerning the merger \u2063that would propel Truth \u2064Social into \u2062public trading.\u2064 The collaboration with Digital World Acquisition, a\u2064 Special Purpose Acquisition\u2063 Company (SPAC), is set \u2064to redefine Trump&#8217;s financial landscape, potentially birthing a new stock symbol reflecting\u200d his initials &#8211; DJT.<\/p>\n<ul>\n<li>The metamorphosis of Digital World Acquisition into a meme stock within Trump&#8217;s support base has been\u2062 instrumental in elevating Truth Social&#8217;s value to a \u2063staggering $6 \u200bbillion.<\/li>\n<li>Despite the surging\u200d market cap, skeptics question the correlation between the company&#8217;s performance and its current valuation, casting \u2062shadows on Trump Media&#8217;s financial sustainability.<\/li>\n<\/ul>\n<p>If the merger is greenlit, an imminent public debut could follow \u2063in the subsequent week, heralding a new \u200dchapter\u200d in Truth Social&#8217;s journey towards market prominence.<\/p>\n<h3>Legal Ramifications and Financial Strain<\/h3>\n<p>However, the financial jubilation comes amidst a legal storm trailing Trump, fuelled by a recent\u2062 hefty \u200cfine of $454 \u200dmillion due to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pro-blm-companies-pay-the-price-for-wokeness\/\" title=\"Pro-BLM Companies Pay the Price for Wokeness\">alleged financial misconduct<\/a>. Judge Arthur Engoron&#8217;s ruling, \u200bsupported by New York Attorney General Letitia James,\u2063 highlights Trump&#8217;s\u200c inflated asset claims and dubious\u200d financial\u200b disclosures.<\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\">Experience a\u2063 Deeper Dive with DAILYWIRE+ APP<\/a><\/b><\/p>\n<p>Trump&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hunter-bidens-legal-team-faces-sanctions-accused-of-using-dirty-trick-in-his-criminal-case-report\/\" title=\"Hunter Biden's lawyers may be sanctioned for alleged dirty tactics in his criminal case, according to a report.\">legal team faces<\/a> an uphill battle in securing a bond for\u200d the hefty penalty, with challenges mounting as traditional avenues for bond procurement hit roadblocks. The looming threat of property seizures looms large if Trump cannot meet the financial obligations set forth by the \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-family-scores-big-legal-win-as-court-dismisses-letitia-james-claim-against-ivanka\/\" title=\"Court dismisses Letitia James' claim against Ivanka, Trump family victorious.\">legal wrangle<\/a>.<\/p>\n<p>Amidst the \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/race-based-bailouts-in-covid-stimulus-bill-face-legal-setbacks\/\" title=\"Race-Based Bailouts In COVID Stimulus Bill Face Legal Setbacks\">legal turmoil<\/a>\u2063 and financial prospects, the future holds a mix of \u200cuncertainty and potential windfalls for the former president, as he navigates the tumultuous waters of legal battles and market maneuvers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former President Donald Trump, facing a $454 million civil fraud judgment, may see a substantial financial gain if his social media venture, Truth Social, goes public. Shareholders are set to vote on the platform&#8217;s planned merger on Friday, potentially paving the way for a lucrative outcome amidst his 2024 presidential aspirations<\/p>\n","protected":false},"author":324,"featured_media":2203544,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/03\/GettyImages-2072036020-1-scaled-e1711048377702.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2203543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/03\/GettyImages-2072036020-1-scaled-e1711048377702.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2203543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/324"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2203543"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2203543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2203544"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2203543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2203543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2203543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}