"SEC Approval Paves the Way for Trump's Lucrative Social Media Deal"

The U.S. Securities and Exchange Commission has approved Donald Trump's media and technology company to merge with a blank-check acquisition vehicle, valuing the parent of his social media app Truth Social at as much as $10 billion. Despite Truth Social's limited user base and losses, investors, many of them Trump supporters, are showing interest due to Trump's involvement. The deal's value has surged threefold since January, reflecting Trump's influence. However, the merger faces obstacles, including potential delays from former Digital World CEO Patrick Orlando. Trump may divest his stake in Truth Social based on his presidential bid's outcome.