The company behind Trump's Truth Social is going public. It could earn the former president billions of dollars at a time when he faces mounting legal problems.Former President Trump stands to win over $3 billion after his social media company goes public — but he may not be able to cash in immediately.Former President Trump stands to win over $3 billion after his social media company goes public — but he may not be able to cash in immediately.
Trump would own over 50% of the new merged company, a stake that would be worth over $3 billion at current market valuations. And that's why the stock is widely seen as a"meme stock," meaning shares that are driven by the whims of individual investors and not for any fundamental factors.or movie chain AMC, both of which have caught Wall Street by storm by experiencing spectacular rallies during the pandemic.
"While fundamentally. I don't get it, I'm going to trade it because it's going to move," Tuttle says."It's going to have a rabid following and it's going to be a fun stock."The potential windfall comes at a time when Trump is in dire need of cash.Under the current agreement, Trump faces a six-month lock-up period, meaning he won't be able to sell his shares in Trump Media during that period.
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