CNN reported on the potentially positive news for former President Donald Trump regarding the approval of a merger between Trump Media and Technology Group and Digital World Acquisition by the Securities and Exchange Commission.
The merger could significantly increase Trump’s net worth, with his shares in Truth Social potentially being worth around $4 billion when the platform goes public.
However, there are restrictions on selling the stocks for six months after the merger.
CNN analyzes Trump’s Truth Social merger
“How much would Trump’s shares be worth if it does in fact go public? It could be upwards of $4 billion. That’s billion with a B—not million with an M”
They’re trying to shut down his empire and he’s getting richer 🔥 pic.twitter.com/aHahi8FcgS
— johnny maga (@_johnnymaga) February 19, 2024
“Back in 2022 it was about $700 million,” CNN senior political data reporter Harry Enten said. “Last year, it was less than $100 million.”
“But, there’s this idea essentially that Truth Social will in fact be able to go public. And how much would Trump’s shares be worth if it does in fact go public?”
“It could be upwards of $4 billion — that’s billion with a b, not million with an m,” he said.
The news is seen as a financial boost for Trump amidst other negative reports.
“The fact is,” Enten said, “we’ve had all this bad news for Trump. This could be good financial news for Donald Trump.”
