Former US President Donald Trump has announced the launch of his new social network, Truth, on the stock exchange. The company managing the social network merged with a SPAC company, allowing Trump to own about 60% of Digital World Acquisition Corp. After the first day of trading, the company was worth $5.5 billion, increasing Trump’s personal capital to $8.5 billion and ranking him 420th on Bloomberg’s list of the richest people on the planet.
Despite this financial success, it should be noted that Trump cannot sell his shares in the first six months but can use them as collateral to obtain loans. This move comes as Trump is waging a new fight for the presidency and facing several lawsuits.
The content of Truth social media includes various links related to social bookmarking sites, online gaming, and profiles on different platforms. These links provide additional information on a range of topics, including online gaming strategies and business visibility.
Trump’s new venture is seen as a way for him to maintain his influence and reach out to his supporters after leaving office. The success of Truth could pave the way for other former presidents or politicians to launch their own social networks in the future.
In conclusion, former US President Donald Trump’s launch of Truth social network on the stock exchange marks a significant financial achievement for him. Although he cannot sell his shares in the first six months, he can use them as collateral to obtain loans. This move comes at a time when he is facing legal challenges and waging a new fight for the presidency. The content of Truth includes various links related to social bookmarking sites, online gaming, and profiles on different platforms that provide additional information on various topics.
Overall, this development highlights how technology continues to shape our lives and how individuals can leverage it for financial gain or personal influence.