Shares in Trump-linked company collapse after red wave turns into red ripple

[SouthernCal_Dem]

Shares of Truth Social merger partner fall after Trump’s candidates underwhelm in midterm elections

Digital World Acquisition Corp’s shares fell more than 15% on Wednesday morning.

In Pennsylvania, Trump-endorsed Senate candidate Dr. Mehmet Oz lost to Democratic Lt. Gov. John Fetterman, NBC News reported, costing the Republican Party a Senate seat. In Michigan, Tudor Dixon lost a gubernatorial race and Kristina Karamo lost her bid to be secretary of state. Both were supported by Trump.

The weekend leading into the election, Trump held huge rallies where he read off a list of Republican candidates. He also helped to raise hundreds of millions of dollars for Republican candidates in high-profile Senate campaigns.

The rallies also served as a platform for Trump to seemingly hone a speech that sounded like his own bid for the 2024 presidential campaign. On Monday, shares of DWAC soared at Trump’s hinting of another presidential run.

https://www.cnbc.com/2022/11/09/truth-social-merger-partners-stock-falls-after-trump-candidates-underwhelm.html

[PortTack]

1. This is the beginning of the end. He will have zero political clout by'24..whether he runs or not

[gratuitous]

2. That's a shame

A propos of nothing in particular, whenever the former guy announces his next quixotic run for the presidency, the Republican National Committee stops paying his legal bills for all the lawsuits he's defending. Of course, that's just pocket change for a guy who's worth TEN BILLION DOLLARS (or so he says), but still it might be a consideration going forward.

[tanyev]

3. Turn the lights out when you leave, Devin.

[chriscan64]

4. Someone new for him to yell at.

Now he is probably using what little brains he has to figure out a way to prevent the investors from getting their money back.