Donald Trump's Stocks and Bondage

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I don't know much about stocks and bonds, but I was surprised that Donald Trump could have a public company based on what he says online. Below is an old blog 15 February 2024.

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Breaking news this evening will be welcomed by former President Donald Trump. His company, Trump Media and Technology Group, which produces Truth Social, his online drumbeat has been cleared by a Securities and Exchange Commission ruling, to merge with a company called Digital World Acquisition Corp (DWAC).

Apparently, DWAC shares jumped 15% after the announcement, but shareholders will vote on the merger first.

What does this mean for Donald Trump’s bank account? If more people regard it as just a business opportunity and don’t care about the ‘truth’, does this mean he has deep pockets to fight the U.S. justice system in perpetuity?

I don’t know much about companies going ‘public.’ I’ll wait until some Wall Street experts explain how it works, and implications for the 2024 presidential election.

Nonqaba waka Msimang

Executive Blogger

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