Former President Donald Trump could potentially reap billions in a stock market merger if shareholders of Digital World Acquisition Corp approve the acquisition of Trump Media, the company behind Truth Social. Despite numerous red flags and fraud charges associated with the deal, supporters – largely individual investors and Trump loyalists – remain undaunted, seeing this as a way to back free speech and potentially benefit the former president in his legal battles. However, analysts warn of significant risks for investors, with shares trading at nearly $43 apiece, representing a high valuation for a company that brought in minimal revenue and significant losses. As the merger proceeds, it remains to be seen whether this “meme stock” will maintain its valuation or face a potential collapse, with experts divided on the future of Trump Media and its new presence on the stock exchange.
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