Donald Trump told followers, "I LOVE TRUTH SOCIAL" — but shareholders in the newly merged company that will own that social media app might not feel so great. The shell company Digital World Acquisition Corp. saw its share price plunge nearly 14% in the hours following shareholder approval Friday morning of a merger with the former president's social media company to take it public.
The drop could reflect concerns about whether Trump Media & Technology Group, which is being merged with DWAC, can ultimately deliver significant revenue — and whether Trump will try to cash in on his share early because of his many legal problems.Chart for price of shares in Digital World Acquisition Corp. in days leading up to and including shareholder approval of merger with Donald Trump's social media compan
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Digital World Acquisition Corp: DWAC trades at $1.6B ahead of merger with Trump MediaDigital World Acquisition Corp (DWAC), the beleaguered special purpose acquisition company (SPAC) that has spent years trying to merge with Donald Trump’s social media company, saw its stock skyrocket more than 20% at some point on Wednesday.
Sumber: FXStreetNews - 🏆 14. / 72 Baca lebih lajut »
Trump Media's Merger with Digital World Acquisition Corp. Up for VoteA merger with Digital World Acquisition Corp., which is up for vote Friday, would open the door for Trump Media & Technology Group to soon begin trading on the Nasdaq.
Sumber: nbcsandiego - 🏆 524. / 51 Baca lebih lajut »
DWAC, Truth Social merger could boost Trump’s net worth by $3 billionThe Digital World Acquisition Corporation is merging with the company behind Trump’s Truth Social.
Sumber: verge - 🏆 94. / 67 Baca lebih lajut »
DWAC stock tumbles more than 12% after Trump social media merger approved by shareholdersDonald Trump stands to reap a windfall of $3 billion or more after Digital World Acquisition Corp. shareholders voted to merger with his social media company.
Sumber: NBCNewYork - 🏆 270. / 63 Baca lebih lajut »
Trump says 'I love Truth Social' one day after DWAC stock plunges on social media merger voteDonald Trump faces big civil judgments, but the merger of Digital World Acquisition and his social media company could net him a $3 billion windfall.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »