Donald Trump's social media platform, Truth Social, intends to go public through a merger with Digital World Acquisition Corp, valuing the venture at $875 million. As the majority owner, Trump would receive the lion's share of the cash released in the public listing. Estimates suggest Trump's stake could be worth as much as $3 billion based on current DWAC share prices. The merger is awaiting regulatory approval but would see Trump profit enormously from taking his media venture public. Digital World, associated with Truth Social, is considered a "meme stock" with a share price that does not reflect the company's fundamentals, suggesting an inevitable decline.
