Digital World Soars in Premarket Trading Following Trump’s First Social Media Post
Special purpose acquisition company Digital World Acquisition Corp (NASDAQ: DWAC) registered modest gains on Wednesday, after former US president Donald Trump posted for the first time on his new social media platform TRUTH Social, which the SPAC is taking public.
Digital World was up about 5% in premarket trading this morning, after Donald Trump Jr. posted a screenshot of Trump’s first post on TRUTH Social, the former president’s new social media company that is making its public debut via a SPAC merger with Digital World. The social media platform was originally supposed to launch next week, but has been postponed until next month.
The stock is up 350% since news of the merger were announced back in October, with a 58% gain since the beginning of the year alone.
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