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Digital World Acquisition Corp, the blank-check acquisition company that has agreed to take former U.S. President Donald Trump's social media platform public, is nearing a $50 million financing ...
The former president founded Truth Social after he was kicked off major social media apps like Facebook and Twitter, the platform now known as X, following the Jan. 6 Capitol riots in 2021. Trump ...
With former President Donald Trump reinstated, but silent, on Twitter, the world is wondering about the future of his rival social media platform – Truth Social. For a timely take, IPO Edge and ...
In October 2021, Trump announced that he had created TMTG through a SPAC merger with DWAC that they had entered into a merger agreement to make TMTG a publicly traded company and that they would create a social media company to rival Twitter. [8] [17] DWAC proceeded to raise hundreds of millions of dollars; reporters questioned the ethics and ...
Following Musk's comments on Twitter, the Truth Social app rose in popularity, returning to the number 1 position for free iOS apps on Apple's App Store on April 30, with the Twitter app at number 2; DWAC shares also rose in value. [145] [146] DWAC's share price fell after Musk's announcement of his intention to buy Twitter. [147]
DWAC shares were trading for just over $49.50 on Friday morning, putting the value of that stake at roughly $4 billion. (Lock-up rules would prevent him from accessing any of that money until six ...
DWAC may refer to: DWAC-FM, a radio station in Naga, Philippines; DWAC-TV, a television station in Manila, Philippines; Digital World Acquisition Corp., a special-purpose acquisition company that eventually merged with Trump Media & Technology Group; Devil Without a Cause, a 1998 album by Kid Rock or its title track
Strong short interest in Trump's public media company Truth Social suggests a gloomy view of its future.