The owner of Truth Social could soon be listed on stock exchanges under 'DJT,' potentially giving Donald Trump a $3 billion stake.
The parent company of Donald Trump’s social media company, Truth Social, could soon become a multi-billion dollar public company, depending on a vote scheduled for Friday. Trump could stand to gain over $3 billion if the proposed merger goes through, which could be his ticket out of some hefty legal bills.
was worth roughly $50 per share last month, and Trump’s stake was worth closer to $4 billion. However, the share price has skyrocketed in the last year, as this merger moves closer to fruition. While Trump couldn’t cash out immediately, it could offer the former President some meaningful capital. The parent company of Truth Social generated just over $3.3 million in revenue for the first nine months of 2023, according to filings with the SEC, but the stock value could be worth much more.
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