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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsStock tied to Trump's social media empire plunges on news of Elon Musk Twitter deal:
There may be one positive thing coming out of Musk's purchase of Twitter. The deal where a shell company owned by TFG (Trump Media & Technology Group) will merge with a Special Purpose Acquisition Company (SPAC) called Digital World Acquisition Corp. i(DWAC) having issues. In addition to SEC investigations the market is discounting DWAC
Link to tweet
https://www.rawstory.com/-2657210036/
Trump's "Truth Social" has been struggling with declining interest and executive departures, and news that the high-profile Musk could be entering the field caused "shares of Digital World Acquisition Corp., the blank-check company poised to take Donald Trumps media venture public" to fall.
As of noon on Monday, the stock had fallen almost 15 percent, with shares trading at $35.18, down $6.15.
According to CNBC, "The stock is down more than 20% year to date. The special purpose acquisition company is on track to merge with the former presidents Trump Media & Technology Group."
dweller
(23,647 posts)✌🏻
C_U_L8R
(45,005 posts)Nunes must be having a cow. He traded his office for some worthless options.
Blue Owl
(50,448 posts)save for a random tumbleweed blowing through...
tanyev
(42,584 posts)Achilleaze
(15,543 posts)...it dies.
To be sung to the tune of Everything hE* touches, it dies dies dies.
* Republican Casino Hustler in Chief & NumberOneLoser
TheRealNorth
(9,481 posts)I have this sneaky suspicion that Musk will have Twitter buy Truth Social.... paying off Trump and his cronies and promising him access to Twitter again.
Turbineguy
(37,356 posts)to invest with trump?