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Trump is about to get $3 billion richer after deal is approved to take his company public. But it won’t solve his cash crunch | CNN Business (edition.cnn.com)

submitted 6 months ago by Oofnik@kbin.social to c/news@kbin.social

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Investors have approved a deal on Friday to make Truth Social owner Trump Media a publicly traded company. The green light from shareholders clears the final major hurdle for a long-delayed transaction that will generate a multi-billion dollar windfall for former President Donald Trump at a time when he’s facing immense financial and legal pressure.

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[–] swope@kbin.social 1 points 6 months ago

grossly overvalued

Just grossly? lol

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