…fresh from a merger w/a cash-rich #ShellCompany… Trump’s #socialmedia co jumped on its 1st day of trading on the #Nasdaq Tues, giving the co an estimated market value of ~$8B…
The biggest beneficiary…has been #Trump, who owns about 60% of #TrumpMedia, making him the largest shareholder. His stake in the co — the parent of TruthSocial, the online platform that is Trump’s main megaphone… — is worth ~$4.6B on paper.