Trump might be getting a big payday through the stock market to cover a hefty fine for fraud.
His social media company, Truth Social, is joining the stock market, and Trump could earn billions from it.
Even though there are concerns about the deal and past legal troubles, many investors, mostly Trump supporters, seem excited.
The company, now renamed Trump Media & Technology Group, could start trading soon. However, this doesn’t solve Trump’s immediate financial problems, like paying off the fraud fine.
He might have to wait before cashing in on his shares. But some supporters hope this move could help him in legal battles.
Yet, analysts warn that investing in Trump’s company is risky, as its value doesn’t match its earnings.
Despite this, Trump could still benefit hugely from the deal, mainly because of his name and involvement with the company.
Source : BBC
https://www.bbc.com/news/business-68609007