Another presidential run could drive traffic to Trump's Truth Social platform, as the ex-president has agreed to post exclusively on the social media platform for eight hours before posting it anywhere else.
Still, DWAC's shares are trading sharply down so far this year as the special purpose acquisition company faces financial and legal challenges as it seeks to merge with Trump Media and and Technology Group, the parent company of Truth Social. DWAC has been working to secure enough shareholder support to extend the deadline for the merger with Trump Media until Sept. 2023, with the vote being pushed back multiple times. It will take place again on Nov. 22.
The merger also faces a criminal probe into possible securities violations over discussions that took place between DWAC and Trump Media prior to the deal announcement. The delays have prompted at least $138 million of $1 billion in investments to be pulled from DWAC. The ex-president himself has also suggested the SPAC merger might not go through. At an October rally in Michigan, Trump told supporters if the financing didn't come through he would take it private.
No surprise here.
The insanity of stock market, why this stock went IPO to beginning with?
Everything Trump touches turns to shit.
哈哈， 活该。 yup, the sucker deserves it and the suckers deserve it
dump trump
ETTD TheRickWilson