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The Latest Breaking News from DWAC

3 Things You Need To Know Today

Happy Monday Zingernation! All major indices are in the green, but barely, heading into the new trading week. Investors are hoping for a strong start to the week after markets rallied last week, with the S&P 500 finishing up more than 6% throughout the last five trading days.

Company behind Trump’s Truth Social now under investigation by federal prosecutors

Company behind Trump’s Truth Social now under investigation by federal prosecutors

The so-called ‘blank check’ company is also the target of a separate Securities and Exchange Commission probe

The Independent UK

Donald Trump-Linked Stock Digital World Is Falling Today: Here's Why

Donald Trump-Linked Stock Digital World Is Falling Today: Here's Why

Digital World Acquisition Corp (NASDAQ: DWAC) shares are trading lower Monday after the company filed a Form 8-K with the U.S. Securities and Exchange Commission showing it received another subpoena.

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Government expands investigation into Trump's social network deal

The SEC is asking for more information than previously disclosed.

Trump SPAC Deal Will Never Get Approved By SEC, Short Seller Says: What Investors Should Know

A noted short seller has taken a short position in one of the most notable SPAC deals that involves a former U.S. president.

Did Donald Trump-Affiliated SPAC Stock Spike On Fox News Joining Truth Social?

Shares of a SPAC linked to taking former President Donald Trump’s media and social media company public jumped Tuesday. Here’s what could be causing the sudden spike.

Trump's Social Media Venture Abruptly Loses Key Officials; Sparks Concerns

Tech chief Josh Adams and product development chief Billy Boozer have resigned from former President Donald Trump's 'Truth Social' in less than a year, Reuters reports. Sources said, "If Josh has left… all bets are off," calling him the "brains" behind Truth Social's technology. Boozer also had a significant leadership role…

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Why Digital World Acquisition Stock Is Trading Lower Today

Why Digital World Acquisition Stock Is Trading Lower Today

Trump Media Merger Partner Digital World Acquisition Corp. (NASDAQ: DWAC) shares are trading lower amid Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk purchasing a 9.2% stake in competitor Twitter, Inc. (NYSE

Truth Social App Downloads Dropping: Will It Hurt The Trump SPAC Price?

Truth Social App Downloads Dropping: Will It Hurt The Trump SPAC Price?

A social media platform from former President Donald Trump was launched with a ton of hype and saw strong downloads initially. A new report shows interest could be waning, which could impact a SPAC.

Should we be taking Donald Trump’s new ‘Truth Social’ app seriously?

Should we be taking Donald Trump’s new ‘Truth Social’ app seriously?

Perhaps unsurprisingly, The Donald’s Truth Social app has already been derided as a farce. But should we really be writing him and it off, asks Samuel Fishwick

Evening Standard

If You Invested $1,000 In DWAC When Trump's Truth Social SPAC Deal Was Announced, Here's How Much You'd Have Now

If You Invested $1,000 In DWAC When Trump's Truth Social SPAC Deal Was Announced, Here's How Much You'd Have Now

One of the most publicized SPAC merger announcements of 2021 was a deal to take Trump Media & Technology Group public. The merger was aimed at bringing a new player into the social media sector via former President Donald Trump.

Donald Trump's Social Media Venture Tops Downloads On Apple App Store

Donald Trump's Social Media Venture Tops Downloads On Apple App Store

Users downloaded Digital World Acquisition Corp (NASDAQ:DWAC) backed Truth Social 170,000 times since its launch, as per research firm Apptopia, Reuters reports. The former U.S. President Donald Trump's new social media venture topped downloads on Apple Inc's (NASDAQ:AAPL) App Store after its late launch on February 20. The special purpose acquisition company (SPAC) stock was also trending…

Why This SPAC Linked To Donald Trump Is Seeing High Interest On WallStreetBets Today

Why This SPAC Linked To Donald Trump Is Seeing High Interest On WallStreetBets Today

Digital World Acquisition Corp. (NASDAQ: DWAC) — the SPAC partner of former President Donald Trump’s social media startup — has emerged as the most-discussed stock on Reddit’s r/WallStreetBets forum as of early Tuesday.

Here's Why Some Investors Think Phunware Could Be the Next DWAC

Here's Why Some Investors Think Phunware Could Be the Next DWAC

The shares of software company Phunware (PHUN) gained impressive momentum last year on speculation surrounding its possible involvement in former President Trump’s social media platform. However, the stock has retreated nearly 7.5% in price over the past month. In addition, given the company's deficient fundamentals, is it worth betting on…

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