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LetMyPeopleVote

(145,406 posts)
Mon Apr 25, 2022, 05:48 PM Apr 2022

Stock 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



https://www.rawstory.com/-2657210036/

According to a report from CNBC, the stock tied to Donald Trump's media empire fell on Monday after reports came out that billionaire Elon Musk may be assuming control of Twitter.

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 Trump’s 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 president’s Trump Media & Technology Group."
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Stock tied to Trump's social media empire plunges on news of Elon Musk Twitter deal: (Original Post) LetMyPeopleVote Apr 2022 OP
oops dweller Apr 2022 #1
Womp womp C_U_L8R Apr 2022 #2
His stockyards are empty Blue Owl Apr 2022 #3
His cash cow is nothing but cow chips. tanyev Apr 2022 #4
...everything hE touches, it dies dies dies Achilleaze Apr 2022 #5
I wouldn't be too quick to celebrate.... TheRealNorth Apr 2022 #6
How stupid must one be Turbineguy Apr 2022 #7

Achilleaze

(15,543 posts)
5. ...everything hE touches, it dies dies dies
Mon Apr 25, 2022, 05:58 PM
Apr 2022

...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)
6. I wouldn't be too quick to celebrate....
Mon Apr 25, 2022, 06:11 PM
Apr 2022

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.

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