Trump's earlier foray into the stock market didn't end well.
FILE - The Truth Social account for former President Donald Trump is seen on a mobile device, Wednesday, March 20, 2024, in New York. All eyes are on a vote scheduled for Friday by shareholders of Digital World Acquisition Corp., a publicly traded shell company that is looking to merge with the former president's media business.
But even if the Digital World merger is approved Friday, Trump wouldn't be able to immediately cash out his windfall, unless some things change, due to a "lock-up" provision that prevents company insiders from selling newly issued shares for six months. One risk, the company said, is that Trump would be entitled to vote in his own interest as a controlling stockholder — which may not always be in the interests of all shareholders. Digital World also cited the high rate of failure for new social media platforms, as well as Trump Media's expectation that it would lose money on its operations "for the foreseeable future."
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