Merger Approval for Trump's Truth Social Platform
The merger between a SPAC and the company behind Trump's Truth Social social media platform was approved, potentially providing Trump with a significant payday. Establishment media had previously predicted the failure of Truth Social, but the deal has now gone through.
Key Points
- Merger between Digital World Acquisition Corporation (SPAC) and Trump Media & Technology Group approved
- Establishment media had predicted the failure of Truth Social, but the deal went through
- Trump could make a significant payday from the merger
Pros
- Trump stands to make about $3.5 billion from the merger
- Provides significant resources for the expansion of Truth Social
Cons
- Trump is under agreements and provisions that prevent immediate access to the cash