Facebook’s Stock Is On Sale, But the Retail Crowd Isn’t Buying

Facebook’s Stock Is On Sale, But the Retail Crowd Isn’t Buying

Reuters

Trump’s social media venture says it has raised $1 billion

Donald Trump’s new social media venture said on Saturday it had entered into agreements to raise about $1 billion from a group of unidentified investors as it prepares to float in the U.S. stock market. Digital World Acquisition Corp, the blank-check acquisition firm that will take Trump Media & Technology Group Corp public by listing it in New York, said it will provide up to $293 million to the partnership with Trump’s media venture, taking the total proceeds to about $1.25 billion. The $1 billion will be raised through a private investment in public equity (PIPE) transaction from “a diverse group of institutional investors,” Trump Media and Digital World said in a statement.

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