Donald Trump is in need of a massive payday to cover his legal expenses and presidential campaign, but he can’t tap into his Truth Social stock. At least not quite yet.
In late March, the former president’s social media company started trading on the Nasdaq soon after Trump Media & Technology Group merged with a blank-check company called Digital World Acquisition Corp. Truth Social launched in February 2022 after Trump was banned from Facebook and X as a consequence of the Jan. 6, 2021, insurrection at the Capitol. While he’s since been reinstated on both platforms, he’s stuck to his own, although his company isn’t performing as well as when it first launched.
