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Truth Social stock success hinges on Trump’s cult of personality – not real business value

on Mar 25, 2024 | 0 comments

By Kendra Barnett

The divisive former President – who is currently embroiled in three separate legal battles ahead of a high-stakes election cycle – is readying for the NASDAQ debut of his media organization Trump Media & Technology Group, which owns Truth Social.

Donald Trump’s social media platform, Truth Social, is headed for a Wall Street debut on Tuesday.

On Friday, shareholders of special purpose acquisition company Digital World Acquisition Corp., which trades under the ticker symbol DWAC, voted to approve a merger with Trump Media & Technology Group (TMTG), the former President’s media organization and the owner of Truth Social.

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Source: The Drum