Stock of SPAC Buying Donald Trump's Truth Social Falls After Trump Reinstated on Twitter

Dow Jones2022-11-21

Shares of the special purpose acquisition company (SPAC) looking to take Donald Trump's Truth Social public, Digital World Acquisition Corp., dropped 2.2% in premarket trading, after Elon Musk reinstated Trump's Twitter accountover the weekend.

The reinstatement follows a poll on Twitter held by Musk, the Chief Executive of Tesla Inc. that bought the social media company; the "yes" vote to reinstate Trump won with 51.8%. Trump had previously said he would not rejoin Twitter even if reinstated, and said after the reinstatement that he saw a lot of problems at Twitter.

Digital World's stock, has plunged 28.6% over the past three months through Friday while the S&P 500 has shed 6.2%.

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Comments

Shirley Soh
2022-11-22
Shirley Soh
Ok
WJ77
2022-11-21
WJ77
Ok
Sallyoo
2022-11-21
Sallyoo
I
Vincentan59
2022-11-21
Vincentan59
Drama story 🤡🤡
Echowhiskey
2022-11-21
Echowhiskey
Reinstate mean trump will use? Nonsense.

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Nonsense.&nbsp;","listText":"Reinstate mean trump will use? Nonsense.&nbsp;","text":"Reinstate mean trump will use? Nonsense.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961476226","repostId":2285042392,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":68,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2285042392"}