Trump Media went public earlier this year, minting billions for the former president — at least on paper. When Trump Media debuted on the stock market, its share price surged. In the next four years, Washington is widely expected to continue to debate the enormously consequential question of how to regulate social media companies. By Wednesday afternoon, thousands of buyers had purchased about 825 million tokens for just over $12 million, according to World Liberty Financial’s website. By mid-October, these groups had spent about $134 million, according to the political research firm AdImpact.

Source: Washington Post October 18, 2024 11:02 UTC