According to a CNN report, former President Donald Trump’s association with the social media platform Truth Social could result in a significant financial windfall.
While Truth Social has faced challenges since its launch in response to Trump’s bans from Twitter and Facebook, it is now positioned to potentially go public through a merger with Digital World Acquisition Corp.
This could increase the value of Trump’s Truth Social shares from their current estimated worth of under $100 million to around $4 billion.
However, there is uncertainty around the merger’s completion due to demands from DWAC’s former CEO regarding additional compensation that could potentially derail the deal.
Nevertheless, a successful public listing would mark a major boost to Trump’s wealth at a time when his financial dealings are under intense legal scrutiny through ongoing defamation and fraud lawsuits.
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