Markets

Donald Trump’s Truth Social set to go public as investors back merger

Investors ditched shares in Digital World Acquisition after reports that it secured approval to merge with Trump’s media firm

Approval clears a near-final hurdle for Trump Media & Technology Group to go public after more than two years of snags. Picture: Getty

Investors dumped shares of Digital World Acquisition, the blank-check firm set to merge with former president Donald Trump’s social media company, after reports that it got enough shareholder support for the deal.

The approval clears a near-final hurdle for Trump Media & Technology Group, which runs the former president’s social media platform Truth Social, to go public after more than two years of snags.

The shares erased a 12 per cent gain on Friday, dropping ...