Shares of Digital World Acquisition Corp. — the special purpose acquisition company that plans to merge with a Donald Trump-led social media network — surged Thursday in heavy volume as retail traders piled on.
The stock, traded on the Nasdaq Gm is changing hands at over $50, nearly quadrupled its Wed. close of $10.17 in an otherwise flat market. Digital World, which launched last last year and went public in September, will become the vehicle to take the new Trump Media and Technology Corp., including a social media platform called Truth Social, to the markets in a merger that was announced last night.
Truth Social plans a beta launch in Nov. with nationwide rollout in the first quarter of 2022. It’s the former president’s latest push to get his voice out via social media since he was banned from Twitter and other platforms following the violent Capitol riot on Jan. 6 to overturn...
The stock, traded on the Nasdaq Gm is changing hands at over $50, nearly quadrupled its Wed. close of $10.17 in an otherwise flat market. Digital World, which launched last last year and went public in September, will become the vehicle to take the new Trump Media and Technology Corp., including a social media platform called Truth Social, to the markets in a merger that was announced last night.
Truth Social plans a beta launch in Nov. with nationwide rollout in the first quarter of 2022. It’s the former president’s latest push to get his voice out via social media since he was banned from Twitter and other platforms following the violent Capitol riot on Jan. 6 to overturn...
- 10/21/2021
- by Jill Goldsmith
- Deadline Film + TV
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