Trump’s social media company will go public after merger with shell company is approved

FILE – Republican presidential candidate former President Donald Trump speaks after voting in Florida’s primary election in Palm Beach, Fla., Tuesday, March 19, 2024. Trump’s return to the stock market could be right around the corner. All eyes are on a vote Friday by shareholders of Digital World Acquisition Corp., a shell company that is looking to merge with the former president’s media business. (AP Photo/Wilfredo Lee, File)

NEW YORK (AP) — Donald Trump is returning to the stock market. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the former president’s media business in a Friday vote. That means Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will soon begin trading on the Nasdaq stock market. The deal’s greenlight arrives at a time the presumptive Republican presidential nominee is facing his most costly legal battle to date: a $454 million judgment in a fraud lawsuit.