A merger by Trump's social media company could net him billions of dollars, a potential lifeline as he faces more than $500 in civil legal judgments.

Former President Donald Trump was accused in a lawsuit of trying to “drastically dilute” the value of stock shares in his social media company.

  • dhork@lemmy.worldEnglish
    15·
    7 months ago

    This Truth Social / DWAC thing seems like a scam to me all the way down. If Truth Social were really that valuable, why don’t they just go public themselves, instead of inventing a shell company to acquire it?

    • Hikermick@lemmy.world
      6·
      7 months ago

      Far from an expert on any of this stuff, my understanding is this is a method of “going public” that skirts regulations.