Former President Donald Trump is about to get richer by $3 billion thanks to the merger of his social media company Truth Social with Digital World Acquisition Corp. (NASDAQ:DWAC). However, CNBC’s Herb Greenberg thinks DWAC is a “meme stock on steroids.” What Happened: Trump Media & Technology Group, which runs Truth Social, will become a publicly traded company after majority shareholders of DWAC approved its acquisition, according to the company’s SEC filings. Trump will have a 58% stake in the merged entity, which would be worth nearly $3 billion, according to Benzinga Pro. However, accordi…
