Nonilex, #TrumpMedia merger wins investor approval, netting #Trump potential windfall
TFG will own ~60% of #TruthSocial, which at its current share price would be worth ~$3.3B.A lockup agreement will prevent him from selling the shares for 6 months.
A long-delayed move that will open the owners of TruthSocial to stock-market investors & grant Trump a stake worth billions he could use to pay down his #legal #debts.
#law #finance #tech #SocialMedia #extremism #investment
https://www.washingtonpost.com/technology/2024/03/22/trump-mediamerger-vote/