Truth Social eyes streaming video, chat group expansions as platform hits stock exchange

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With Truth Social poised to receive a windfall of cash as it hits the stock exchange on Tuesday, Donald Trump’s social media platform has set its sights on enhancing its user experience with streaming video and Reddit-like groups.

The Trump Media & Technology Group, which owns Truth Social, recently completed a long-delayed merger with Digital World Acquisition Corp. and the platform is slated to appear on the stock exchange on Tuesday, using the ticker "DJT" in homage to its majority shareholder, the former president.

Trump currently controls 58% of the company's stock, with an estimated market value of $3 billion, according to the Associated Press. The entire company could be worth as much as $5 billion. His net worth on Monday soared to estimated $6.5 billion record ahead of the IPO, Bloomberg Law reported.

The company's public debut is expected to bring in considerable funds to fuel the company's growth.