{"id":2204312,"date":"2024-03-22T15:08:02","date_gmt":"2024-03-22T19:08:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shareholders-approve-truth-social-merger-trumps-social-media-company-to-go-public\/"},"modified":"2024-03-22T15:15:07","modified_gmt":"2024-03-22T19:15:07","slug":"shareholders-approve-truth-social-merger-trumps-social-media-company-to-go-public","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shareholders-approve-truth-social-merger-trumps-social-media-company-to-go-public\/","title":{"rendered":"Shareholders greenlight Truth Social merger, paving the way for Trump&#8217;s social media platform to go public"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">32<\/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%2Fshareholders-approve-truth-social-merger-trumps-social-media-company-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=2204312&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\u200b Truth Social Set to Go Public Following Shareholder Approval<\/h2>\n<p>Exciting\u200b news for\u200c former President\u200c Donald Trump&#8217;s venture, Truth \u2062Social! Shareholders have given the \u2064green light for the company to\u200c go public next week, following a\u200d successful merger with a shell company.<\/p>\n<blockquote>\n<h3>A \u2064Boon for\u200c Shareholders<\/h3>\n<p>Those holding \u200cstock in Digital World Acquisition,\u200b a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/colin-kaepernick-jumps-aboard-spac-craze-looking-to-raise-287-million-for-social-justice-company\/\" title=\"Colin Kaepernick Jumps Aboard SPAC Craze, Looking To Raise 7 Million For \u2018Social Justice\u2019 Company\">special-purpose acquisition company<\/a>\u2063 (SPAC), will now become shareholders\u2062 of Trump Media &#038; Technology Group,\u2062 the parent company of Truth Social, as reported by The New York Times.<\/p>\n<\/blockquote>\n<p>This merger is not just\u2062 a formality; it&#8217;s a strategic move that is anticipated\u2064 to inject over $300 million into Trump Media and boost its market presence. The\u200d company will assume \u200dDigital World Acquisition&#8217;s spot\u2064 on the stock exchange, trading \u200dunder the \u200cticker \u200bDJT, Trump&#8217;s \u2062initials.<\/p>\n<blockquote>\n<h3>Trump&#8217;s Potential \u2063Windfall<\/h3>\n<p>With Digital \u200cWorld Acquisition&#8217;s current share \u2062price at nearly $42, the merged entity&#8217;s valuation could hit $5 billion. This valuation spike stands to increase Trump&#8217;s net worth by a staggering $3 billion, given his 60% stake \u200din the \u2064company.<\/p>\n<\/blockquote>\n<p>While this\u200c deal\u2063 holds\u200c immense promise, Trump might not immediately cash in on his newfound fortune. \u200cHe faces a six-month\u2063 holding period for \u2062his shares, unless a waiver is\u2062 granted, as per The Washington\u2062 Post. Premature selling by the former president could also impact stock \u200cprices.<\/p>\n<blockquote>\n<h3>Skepticism Amid Optimism<\/h3>\n<p>Despite the buzz around the potential\u2062 financial gain for \u200cTrump, skepticism looms. University of Florida Finance\u2063 Professor Jay Ritter expressed doubts \u2063regarding the company&#8217;s performance, citing \u2063Trump Media&#8217;s current financials and Digital \u200cWorld Acquisition&#8217;s meme stock \u200bstatus.<\/p>\n<\/blockquote>\n<p>Financial reports reveal that Trump Media reported a significant\u200d net loss in 2023, raising questions about the company&#8217;s \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republicans-go-to-war-against-joe-bidens-450k-payouts-to-border-crossers-civilizational-homicide\/\" title=\"Republicans Go to War Against Joe Biden's 0K Payouts to Border Crossers: 'Civilizational Homicide'\">long-term viability<\/a>. Trump&#8217;s recent post\u200c on Truth Social about his\u2063 financial status adds another layer of complexity\u2064 to the \u2064unfolding narrative.<\/p>\n<blockquote>\n<h3>Financial Maneuvers<\/h3>\n<p>Trump&#8217;s declared $500 million cash reserve comes\u2063 amidst the backdrop of a looming legal\u200d battle. The Monday deadline to \u2062post a bond for a civil fraud \u2063judgment adds an \u2064intriguing dynamic to Trump&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-thorough-consider-the-inflation-crisis\/\" title=\"A Thorough Consider the Inflation Crisis\">financial moves<\/a>.<\/p>\n<\/blockquote>\n<p>As the Truth \u2063Social \u2062saga continues to \u200dunfold, the interplay between\u2064 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/review-the-lords-of-easy-money\/\" title=\"REVIEW: \u2018The Lords of Easy Money\u2019\">financial maneuvering<\/a> and\u2064 public perception shapes the\u2064 narrative. Only time will reveal \u2064the true impact of this high-profile merger on Trump&#8217;s\u200c political \u2062and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-goldman-sachs-executive-predicts-imminent-financial-crisis-a-significant-correction-is-incoming\/\" title=\"Goldman Sachs Ex-Executive Foresees Impending Financial Crisis: Brace for a Major Correction.\">financial\u2063 landscape<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former President Donald Trump&#8217;s social media venture, Truth Social, is poised to launch its initial public offering next week. Shareholders&#8217; approval of the merger with a shell company, Digital World Acquisition, binds them as stakeholders in the SPAC-turned-media platform<\/p>\n","protected":false},"author":324,"featured_media":2204313,"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-2062127316-scaled-e1711123481413.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2204312","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-2062127316-scaled-e1711123481413.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2204312","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=2204312"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2204312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2204313"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2204312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2204312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2204312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}