Trump Is in Line for a $3.5 Billion Windfall From Stake in Truth Social
·1 min
Supporters of former President Donald Trump are rallying behind his social media platform, Truth Social, with the aim of increasing its value to nearly $3.5 billion. Truth Social, which Trump launched in 2021, is seeking approval to list on the stock market. The platform has experienced challenges and setbacks, including financial losses and insider-trading convictions, before the shell company taking it public became a meme stock. With the backing of Trump’s supporters, Truth Social’s valuation has soared to an impressive $6 billion.