Donald Trump’s return to the stock market could be right around the corner.
FILE - Republican presidential candidate former President Donald Trump speaks after voting in Florida's primary election in Palm Beach, Fla., Tuesday, March 19, 2024. Trumps return to the stock market could be right around the corner. All eyes are on a vote Friday by shareholders of Digital World Acquisition Corp., a shell company that is looking to merge with the former presidents media business.
The prospect of the deal arrives at a time the presumptive Republican presidential nominee is facing his most costly legal battle to date: ahis windfall, unless some things change, due to a “lock-up” provision that prevents company insiders from selling newly issued shares for six months. Digital World listed many of the risks its investors face, as well as those of the Truth Social owner, if Trump Media also goes public.
Trump Media lost $49 million in the first nine months of last year, when it brought in just $3.4 million in revenue and had to pay $37.7 million in interest expenses.including Facebook and Twitter, the platform now known as X, following the Jan. 6 insurrection at the U.S. Capitol. He's since been reinstated to both but has stuck with Truth Social as a megaphone for his message.
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