Adrian Weckler: Why Donald Trump is laughing all the way to the bank after $6.5bn flotation of his media group

Donald Trump on campaign trail in Wisconsin last week. Photo: Reuters

Adrian Weckler

Donald Trump’s newly floated $6.5bn (€6bn) media company is, even by “meme stock” standards, a joke. But it still might earn him billions.

His 58pc-owned Trump Media & Technology Group, now trading on the Nasdaq as DJT, seems little more than a vehicle to fund the former president by supporters and well-wishers who want to do something to keep the embattled 2024 presidential candidate liquid through his various trials and prosecutions.