Trump Wins AGAIN! This time with Truth Social!

Trump's Stock in Truth Social will be worth $3.5 Billion as Company Goes Public Next Week!


Click Here to Watch a 5 Min Video of Tom Z Explaining How GREAT this is!
Breaking: Trump Media Stock Jumps as Much as 50 Percent, Halted for Volatility

by Brooke Siman, FoxBusiness.com, March 23, 2024

Shareholders on Friday voted to make Trump Media & Technology Group, the parent company of Truth Social, a publicly traded entity, Fox News Digital has learned. 
 

Shareholders voted in favor of Trump Media & Technology Group (TMTG) merging with its special purpose acquisition company (SPAC) Digital World Acquisition Corp., a publicly traded shell company.

TRUTH SOCIAL ON VERGE OF STOCK MARKET APPROVAL, POTENTIALLY NETTING TRUMP BILLIONS

The merger approval means TMTG stock will trade on Nasdaq as "DJT" as early as next week. 

Former President Trump, the presumptive 2024 GOP presidential nominee, holds 78.7 million shares in Trump Media & Technology Group. His personal stake in the company at its current stock price of approximately $44.17 would be worth between $3 billion and $4 billion. 

There is a six-month lock-up on Trump's shares, but the board could vote to waive that rule. 

The merger brings Truth Social, which describes itself as a free-speech platform and a "safe harbor" from censorship on other Big Tech platforms, approximately $300 million to expand the platform.

TMTG's CEO is Devin Nunes, who joined the company in December 2021 after retiring from nearly two decades in Congress.

Click Here to Watch the Newest We the People Convention News & Opinion Podcast!

"We set out to create a safe haven for free speech on the internet, which is needed now more than ever," Nunes told Fox News Digital on Friday afternoon. "And we believe the merger will allow us to expand this movement even further." 

He added: "If you want to sound off outside the control of Big Tech censors and suppressors, Truth Social is the place for you." 

Trump Media & Technology Group (TMTG) merged with its SPAC, Digital World Acquisition Corp. after years of delay amid U.S. Securities and Exchange Commission investigations looking into alleged pre-targeting by DWAC. Pre-targeting refers to a SPAC discussing a potential merger with a merger target before they are allowed to hold those discussions.

Trump Says He Has $500 Million Cash as Bond Deadline Looms in NY Trial

Last month, though, the SEC approved the merger.

Trump Media & Technology Group first launched in October 2021. 

Trump launched Truth Social in February 2022, a year after he was banned from platforms such as then-Twitter, now-X; Facebook; and Instagram, following Jan. 6, 2021. Those bans have been lifted. 

The Truth Social platform has millions of users, including President Biden's re-election campaign.
 

CLICK HERE TO GET MORE NEWS ON FOXBUSINESS.COM


 

 

Truth Social Goes Public by Tom Zawistowski is licensed under

New Podcast Posted Every Week!

Watch ANY ARCHIVE of the We the People Convention Podcast by clicking on "PLAYLIST".

Recent News

Who was using Auto-Pen to Forge Biden Signatures?
Who was using Auto-Pen to Forge Biden Signatures?

If in fact Biden’s staffers were exploiting his mental decline, those orders are null and void!

READ MORE

Ukraine Agrees to 30 Day Cease Fire
Ukraine Agrees to 30 Day Cease Fire

Ball is now in Russia's Court for next Step toward Peace

READ MORE

GOP Unifies & Passes Budget CR
GOP Unifies & Passes Budget CR

Budget now heads to the Senate where it’s unclear if the bill has 60 votes

READ MORE

Latest Video

President Trump's Speech to Congress 3-4-25
President Trump's Speech to Congress 3-4-25

Watch the Full Trump Speech to Congress on 3-4-25 or Read the Full Transcript

WATCH NOW

©2025, We the People Convention