But if Trump is allowed back on Twitter, the appeal of an alternative social media platform could lose its luster for both Trump and investors.
Former President Donald Trump.
Kyle Mazza/Anadolu Agency via Getty Images
Digital World Acquisition soared 66% on Monday after former President Donald Trump teased a 2024 election run.
Speculation has been building that Trump will announce a formal bid for the presidency later this month.
The Digital World SPAC is still struggling to get enough shareholder votes to close its acquisition with Truth Social.
Digital World Acquisition stock soared as much as 66% on Monday as speculation builds that former President Donald Trump will launch a 2024 campaign for the White House later this month.
At a rally in Florida on Sunday, Trump said about the 2024 presidential election: "I will probably have to do it again, but stay tuned," according to the New York Times. Separately, a report from Axios on Friday said that Trump's team is discussing a launch of his potential 2024 election campaign on November 14.
Digital World is a SPAC that is scheduled to merge with Trump's Truth Social media platform if it receives enough shareholder votes. The shareholder vote was adjourned until November 22, and the SPAC could again adjourn the vote until December 8 if it doesn't receive enough votes later this month.
If the SPAC is unable to gain enough shareholder votes to merge with Truth Social, it will be forced to fold and return the money it raised to its investors.
Digital World has had a tumultuous year, with the stock down 66% year-to-date and off nearly 80% from its 52-week high. The SPAC has suffered primarily due to uncertainty about whether it will be able to close its merger with Truth Social, and due to new ownership at Twitter.
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С начала 2024 года 140 тысяч женщин и новорожденных Московского региона получили услуги по родовым сертификатам
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