Former President Donald Trump is expected to gain $3 billion, doubling his net worth, as a result of a windfall from his social media outlet, Truth Social, going public.
Investors voted to approve a merger between Digital World Acquisition Corp. (DWAC) and Trump Media & Technology Group (TMTG), the owner of Truth Social. The newly combined company could begin trading on the Nasdaq Composite Index as early as next week under the DJT ticker, the same symbol used for Trump Hotels & Casino Resorts before it filed for bankruptcy protection in 2004.
