Trump Media stock to start trading Tuesday as DJT
Donald Trump could get a financial lifeline of billions of dollars as Truth Social's parent company is set to start trading on the Nasdaq.
Donald Trump's media company is set to make its debut on the stock market Tuesday, a development that could generate a windfall for the cash-strapped former president.
His stake in the firm — Trump Media and Technology Group, the parent company of Truth Social — is worth billions.
But that is wealth on paper, and a number of things would have to happen to allow him to cash out on that stake and address some of his financial issues, including the mounting legal bills in his criminal cases and a hefty appeal bond stemming from a civil fraud case in New York. An appeals court slashed that bond to $175 million Monday, down significantly from the original amount of $464 million.
Here are some of the big questions surrounding Trump Media's market debut:
Shareholders in the shell company Digital World Acquisition Corp. (DWAC) agreed Friday to merge into Trump Media.
https://www.nbcnews.com/business/markets/trump-media-stock-start-trading-tuesday-djt-rcna144958
Rating: 5