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## Trump Media & Technology Group Goes Public

The Nasdaq stock market will now welcome Trump Media & Technology Group, the company behind the social networking site Truth Social. The merger with Digital World Acquisition Corp., a publicly traded shell company, was approved by shareholders in a Friday vote, leading to fluctuations in Digital World’s stock value.

Former President Donald Trump is positioned to hold a substantial stake in the combined company, with nearly 79 million shares worth approximately $4 billion. However, Trump’s ability to liquidate his shares immediately is contingent on potential changes to a “lock-up” provision that restricts insiders from selling new shares for six months.

Amidst these developments, Trump was also attending a hearing in New York related to his ongoing legal matters. This includes a reduction in the amount he must post in cash or a bond while appealing a civil fraud ruling.

The launch of Truth Social in 2022 marked Trump’s return to the social media landscape after being banned from major platforms following the January 6 insurrection. Despite facing competition from established social media giants like TikTok and Facebook, Truth Social has garnered significant attention with an estimated 5 million active users.

However, financial challenges persist for Trump Media, with significant losses and limited revenue in the past year. As the company’s common stock trades under the ticker symbol “DJT,” further insights into its performance will be unveiled as a publicly traded entity.

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