Trump Media, linked to former President Donald Trump, has been struggling financially but is now seeing a resurgence in investor interest. This change is attributed to Trump’s demonstrated popularity in the Republican primaries. The share value of Digital World Acquisition Corp, which plans to merge with Trump’s Truth Social, has significantly increased since the beginning of the year, especially following Trump’s success in the Iowa caucus and Governor Ron DeSantis’s exit from the race. Shares, previously at $17, closed at about $50 recently, although still below their 2021 peak. The merger, delayed by investigations, is now set to be finalized by June, offering Trump Media crucial financial support.
What is the expected benefit for Trump Media from merging with Digital World Acquisition Corp?
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