Trumps Broke
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Re: Trumps Broke
Trump just got 3-billion dollars richer.
CNN
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Investors have approved a deal on Friday to make Truth Social owner Trump Media a publicly traded company.
The green light from shareholders clears a major hurdle for a long-delayed merger that will generate a multi-billion dollar windfall for former President Donald Trump at a time when he’s facing immense financial and legal pressure.
According to a preliminary vote total announced during the meeting, a majority of shareholders of Digital World Acquisition Corp. voted in favor of the deal to merge with Trump Media. The companies have indicated the merger could close as soon as early next week.
The new company will be called Trump Media & Technology Group and trade under the ticker DJT, Trump’s initials. It will own Trump’s struggling social media platform Truth Social.
Shareholders voted to approve Trump Media’s merger with a blank-check company, following years of legal and regulatory obstacles. Trump will own a dominant stake in a public company, with shares worth more than $3 billion at current market prices.
Trump is about to get $3 billion richer after deal is approved to take his company public. But it won’t solve his cash crunch | CNN BusinessAdversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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Re: Trumps Broke
The price of shares in Digital World Acquisition Corp. fell by more than 12% on Friday morning after the shell company's shareholders approved a merger with the social media company owned by former President Donald Trump.
DWAC had opened the trading day at $44.20 per share, but tumbled to below $38 at some points after the vote. By noon ET, the share price was down about 3.5% from the price at the open
I wonder how many shares Billy bought? Probably ZERO
HilariousComment
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Re: Trumps Broke
He's been known to use political donations for personal use before. Does the name Stormy Daniels ring a bell?Comment
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