DWAC, the Trump Social-Media SPAC, Quadruples on First Day – WSJ

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imageInvestors on Thursday piled into shares of the special-purpose acquisition company taking former President Donald Trump’s new social-media platform public, igniting a buying frenzy reminiscent of the SPAC craze from early this year.

Shares of Digital World Acquisition Corp.more than quadrupled to $45.50 in the first trading session following the deal announcement .Trump Media & Technology Group said late Wednesday it would combine with the SPAC and soon launch a new social network called Truth Social.The deal values the Trump media company at about $875 million, including debt.

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Trump's Truth Social App Prohibits Users From Making Fun of It - Rolling Stone

There’s plenty to unpack following Wednesday night’s announcement that former President Trump is launching a new “media and technology” group, one that includes a social media platform, Truth Social , promising “open, free, and honest global conversation without discriminating against political ideology.” Trump has long railed against Big Tech censorship, […]
Trump’s Truth Social App Prohibits Users From Making Fun of It – Rolling Stone

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