Former president Donald Trump is set to own most of the combined company — or nearly 79 million shares. Multiply that by Digital World’s closing stock price Friday of $36.94, and the total value of his stake could be nearly $3 billion.
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Facebook parent Meta said Wednesday it will restore former President Donald Trump ‘s personal account in the coming weeks, ending a two-year suspension it imposed in the wake of the Jan. 6 insurrection.
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After the social media app designed by former President Donald Trump’s new company debuted on Apple App Store, stock price of related SPAC rose.
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Former President Donald Trump’s new media venture has no known revenue or product yet it could be valued at more than $10 billion.
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Donald Trump announced a deal Wednesday night to bring a new media company public through what’s known as a SPAC, or a Special Purpose Acquisition Corporation. Shares soared in the firm’s debut on Thursday.
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