Digital World Acquisition Corp. delays acquisition of Trump's Truth Social

[Yo_Mama_Been_Loggin]

Digital World Acquisition Corp. extends 4-day decline to 18% as Trump defends Truth Social's performance and vote looms to delay IPO

Digital World Acquisition Corp. investors that were hoping to soon be owners of former President Donald Trump's Truth Social may have to wait a bit longer.

Shares of Digital World Acquisition fell as much as 10% on Monday, extending its four-day decline to nearly 20% as the company prepares for an imminent shareholder vote to delay its planned merger with Truth Social by up to a year.

The shareholder vote will begin tomorrow, and if the resolution is passed, it would give Digital World some breathing room just ahead of its scheduled merger with Truth Social on September 6.

Also hurting sentiment around Truth Social and its SPAC partner is a recent report that the company hasn't paid a $1.6 million bill to its hosting vendor. Meanwhile, Digital World warned in an SEC filing that if Trump's reputation and popularity decline, so could the business prospects of Trump's social media upstart.

https://www.msn.com/en-us/news/politics/digital-world-acquisition-corp-extends-4-day-decline-to-18-as-trump-defends-truth-social-s-performance-and-vote-looms-to-delay-ipo/ar-AA11frO6

Uh guys I think that's a sign that Truth Social is a shitty investment.

[empedocles]

1. 'Everthing trump touches . . . '

[getagrip_already]

2. I would say fools and their money, but it isn't their money....

It's money they hoovered up from investors who likely had no clue what they would do with it. They want the deal to close because they get yuuuge payouts for closing it.

There is zero financial sanity in this deal. It's just a transfer of wealth from fools to thieves.

[SWBTATTReg]

3. A fool and their money is soon parted .... someone actually wants to buy this crappy company?

They're yanking tRUMP's name off of every building that they get to before it's too late, otherwise it'll be too late to score the big bucks.

[gratuitous]

4. Shut up and take our money!

Be part of that ultra-exclusive club of people cheated by the former guy, as once again he successfully sells a pig in a poke. Come one, come all, get your "sucker" badge now before he's tossed in the clink.

[LetMyPeopleVote]

5. Denial is not just a river in Africa

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