Trump’s nearly $3.5 billion windfall from his stake in Truth Social is poised to become a reality as supporters rally behind the social-media platform, driving up its value ahead of an expected stock market listing.

The journey of Truth Social, launched by Donald Trump in 2021, has been tumultuous, marked by significant losses and legal troubles. However, the platform has garnered attention as a potential challenger to mainstream social-media giants after Trump’s removal from platforms like Facebook and Twitter.

The shell company overseeing Truth Social’s public listing has seen a surge in its stock price, propelled by Trump’s loyal supporters.

This surge has led to a staggering $6 billion valuation for Truth Social, setting the stage for a lucrative payday for Trump.

Despite its rocky start, Truth Social’s parent company is set to go public through a merger with a special-purpose acquisition company.

Truth Social users compared to Twitter.

Stock market

Shareholders, predominantly Trump supporters, are expected to greenlight the merger on Friday, paving the way for Truth Social’s entry into the stock market.

However, Trump’s windfall comes with a caveat – he must hold onto his shares for six months following the public listing.

The potential financial boost could alleviate some of Trump’s financial concerns and provide a significant infusion of funds for his political endeavors.

The approval of the merger and subsequent listing of Truth Social could mark a turning point for the platform, positioning it as a viable alternative in the social-media landscape and potentially reshaping the dynamics of online discourse.