Amid Trump Media & Technology Listing Buzz, Ex-President Under Scrutiny For Telling A 'Mind-Bogglingly Nonsensical' Story About NYSE
Portfolio Pulse from Benzinga Neuro
Former U.S. President Donald Trump's claims about not listing his company, Trump Media & Technology Group, on the New York Stock Exchange (NYSE) due to harsh treatment in New York have been criticized as nonsensical. Experts highlight that Trump's company is being listed on the Nasdaq, subject to the same New York laws. Despite Trump's criticism of NYSE officials and New York legal authorities, the NYSE expressed openness to listing his company. Trump's social media company, Truth Social, is set to trade on the Nasdaq through a merger with Digital World Acquisition Corp (NASDAQ:DWAC), potentially enriching Trump by $3 billion.
March 26, 2024 | 1:50 am
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Digital World Acquisition Corp (DWAC) is set to merge with Trump Media & Technology Group, potentially making Trump $3 billion richer. The merger has been approved for a public debut despite setbacks.
The merger between DWAC and Trump Media & Technology Group is a significant financial event that could substantially increase Trump's wealth. Given the public interest and the potential financial impact, this merger is likely to attract investor attention and possibly drive up DWAC's stock price in the short term. The anticipation of the merger's completion and the public debut of Trump's company on the Nasdaq could generate positive sentiment among investors, contributing to a likely increase in DWAC's stock price.
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IMPORTANCE 90
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