Trump's Media Merger: A Billion Dollar Windfall

💰Trump owns nearly 60% of the newly merged company, Trump Media, after the merger with Digital World Acquisition, resulting in close to $4 billion in paper profits.

🔒Trump is restricted from selling his shares in Trump Media for six months. However, he might seek a waiver to sell them earlier.

📉Trump Media reported $49 million in losses for the first nine months of 2023, more than 14 times its revenue.

💡Shareholders are hopeful that the launch of Trump's truth Social app will generate revenue and lead to profitability.

📈Trump's stake in Trump Media, if valued at the closing price of Digital World Acquisition, would be close to $3.9 billion.

What is the significance of the merger between Trump Media and Digital World Acquisition?

—The merger results in Trump owning nearly 60% of the company, with potential paper profits of around $4 billion.

Why is Trump restricted from selling his shares in Trump Media?

—There is a six-month lock-up period after the merger, during which Trump cannot sell his shares. However, he may request a waiver from the board.

Is Trump Media currently profitable?

—No, Trump Media reported $49 million in losses for the first nine months of 2023, outweighing its revenue by more than 14 times.

What are shareholders hopeful for?

—Shareholders are hopeful that the launch of Trump's truth Social app will generate revenue and eventually lead to profitability.

What is the value of Trump's stake in Trump Media?

—If valued at the closing price of Digital World Acquisition, Trump's stake in Trump Media would be close to $3.9 billion.

00:06Trump Media completes a merger with Digital World Acquisition.

00:43Donald Trump owns nearly 60% of the newly merged company.

01:23Trump Media reported $49 million in losses for the first nine months of 2023.

01:52Shareholders hope the launch of Trump's truth Social app will generate revenue.

02:11Trump's stake in Trump Media would be close to $3.9 billion.