Trump's social network will go public in a merger that could raise billions of dollars to face its legal challenges. The parent company of the social network Truth Social will become a multibillion-dollar public company after a shareholder vote to approve a merger.
The former president will not be able to sell shares in the merged company for at least six months. Trump is currently facing huge legal bills from his lawyers in criminal and civil cases, and damages judgments exceeding $500 million in three separate cases.