The social media stock on Trump's new company fell yesterday by double digits

[kpete]

The SPAC stock linked to Donald Trump’s planned social media platform dropped in price after booking huge gains following news that it would merge with his social media company.

Digital World Acquisition Corp. stock fell double digits, days after two hedge funds sold their stakes.

Trump is banned by Twitter and Facebook for inciting the Jan. 6 Capitol riot.

https://www.cnbc.com/2021/10/25/trump-spac-dwac-drops-in-price-after-big-gains-on-social-media-news.html

This morning, he issued a very lengthy statement promoting the company. These things are perhaps related.

Link to tweet

?s=20

[lindysalsagal]

1. The company is called "World Acquisition Corp"? Sich Heil!

[Midnight Writer]

2. Pump and dump.

[PRETZEL]

4. That's what it sounds like,

would be interested to see who the funds were.

Let's speculate for a second, funds that specialize in foreign investors...........

[gab13by13]

3. His SPAM er SPAC

was Bigly shorted yesterday.

[jmbar2]

5. Dropping like a rock this morning - down another 17% (just now)

Sad...

[LonePirate]

6. Is it common for journalists to conflate speculation with reporting like she does here?

[getagrip_already]

7. only when it comes to dems.... n/t

[Budi]

8. It was always a suckers bet.

Oh well.

[FakeNoose]

9. A few people bought in early and sold out immediately

THOSE were the few lucky ones. Everyone else loses, just like every pyramid scheme that ever happened.