Eric Trump 'Negotiated' Severance For Former CFO, All Eyes Turn To Donald Trump On Witness Stand Next Week
Portfolio Pulse from Chris Katje
Eric Trump and Donald Trump Jr. testified in a civil fraud trial, with Donald Trump expected to take the stand next week. The trial involves a $2 million severance agreement for former Trump Organization CFO, Allen Weisselberg. Eric Trump claimed he negotiated the agreement. Donald Trump voiced his frustration on his social media platform Truth Social, which could become part of the publicly traded Digital World Acquisition Corporation (NASDAQ:DWAC) via a SPAC merger.
November 03, 2023 | 8:01 pm
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The ongoing trial involving the Trump family could impact the stock price of Digital World Acquisition Corporation (NASDAQ:DWAC), which is expected to merge with Trump's social media platform, Truth Social.
The ongoing legal issues involving the Trump family could potentially create negative sentiment around their associated businesses, including Truth Social. As DWAC is expected to merge with Truth Social, this could negatively impact DWAC's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75