Trump could gain £2.4bn in Truth Social public float US Politics Former US President Donald Trump could be in the money to the tune of £2.4bn after investors approved his plan to launch online platform Truth Social on the stock market.
Trump’s social media raises $1bn from investors Trump's social media TRUTH Social, the new social media launched by Donald Trump’s Trump Media & Technology Group (TMTG), has raised $1bn from investors, after entering a subscription agreement with spac Digital World Acquisition Corporation (DWAC). The former US President said the $1bn funding “sends an important message to Big Tech that censorship and political discrimination must end.” [...]
Hedge funds make millions as Spac shares soar post Trump deal Hedge funds make millions as Spac shares soar post Trump deal Hedge funds made millions in potential gains as the shares of a special purpose acquisition company (Spac) that merged with Donald Trump’s new social media soared to 421 per cent yesterday, the Financial Times reported. Called Digital World Acquisition Corporation, the Spac’s shares rose from $9.96 to $51.90, closing at $45.50 – a 357 per [...]