Even in the wake of Donald Trump’s Super Tuesday victory, Digital World Acquisition Corp (NASDAQ:DWAC) just can’t catch a break. The special purpose acquisition company (SPAC) is more closely linked to Trump than any other stock. The fact that the former president all but secured the GOP nomination last night. However, DWAC stock has still been falling all day. This could be due to the fact that the company is inching closer to the shareholder vote that decides its merger with the Trump Media & Technology G ...

Recently, I watched portions of a YouTube video that tangentially but importantly related to overbought stocks to sell. An options trader boasted about an 80% success rate with his system, which sounded like nonsense. Come on, an 80% success rate?However, the trader revealed that he engages market opportunities with a short-term time horizon. Basically, when he gets his profits, he pulls out of the trade and moves onto the next opportunity. In some cases, he looks at the engaging the same idea but from the ...

As the 2024 presidential election draws closer, former President Donald Trump is in full focus. Indeed, Trump may be clinching primaries by slim margins, but he is still advancing steadily toward the Republican nomination. As of now, the next race to the White House appears to be a rematch between Trump and President Joe Biden.This election-fueled momentum has sent shares of Digital World Acquisition (NASDAQ:DWAC) — the blank-check partner of the Trump Media & Technology Group — surging. However, other comp ...

A former executive of the blank-check acquisition vehicle that plans to take Donald Trump’s social media company public sued to block the deal until he obtained a larger payout, according to a lawsuit docketed Thursday in Delaware.ARC Global Investments II, which is controlled by Patrick Orlando, said it was being short-changed the amount of stock it should receive in Digital World Acquisition Corp. once it merged with the former president’s Trump Media & Technology Group Corp.It asked the Delaware’s Court ...

Digital World Acquisition Corp.’s said Friday it has updated its filing with the Securities and Exchange Commission regarding its planned merger with Trump Media and Technology Group, former President Donald Trump’s social media company, to reflect new risk factors. The update comes after the recent New York civil fraud ruling against Trump, which included an order to pay $364 million in penalties and a ban on any role in running a business in New York state for three years. “We cannot assure you that the ...

Donald J. Trump has a long record of business failures and bankruptcies. But after getting kicked off Twitter in 2021 he launched Truth Social, a social media site.Truth Social, his would-be Twitter rival, is a high-risk, speculative operation with few hard numbers behind it. It’s already the subject of subpoenas, from regulators and a grand jury, even though it’s barely off the ground. Oh, and even if Trump gets re-elected president, he’s not required to use the social media site much – if at all – to comm ...

Donald Trump’s social media and technology company, Truth Social, has been cleared to merge with a special purpose acquisition company, valuing the group at around US$10 billion.   The U.S. Securities and Exchange Commission (SEC) approved the merger after two years of Trump’s company attempting to receive a stock market listing. A US$10 billion valuation is believed to be around half that of its direct rival X/Twitter. Some believe the former US president’s attachment to the site has been a key aspect of t ...

The Securities and Exchange Commission on Thursday cleared the way for blank-check acquisition company Digital World Acquisition Corp.’s merger with former President Donald Trump’s media and technology company.Digital World said a registration statement for its proposed merger with Trump Media & Technology Group (TMTG), the operator of social media platform Truth Social, was declared effective by the SEC.The closing of the deal would be a major boost for Trump, who will hold a stake of about 58% in the newl ...

This photo illustration shows an image of former President Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022.Shares of Digital World Acquisition Corp. jumped 15% Thursday morning after the special purpose acquisition company announced Wednesday night that it is close to completing its proposed merger with Trump Media and Technology Group, former President Donald Trump's social media company.The Securities and Exchange Commission declared the ...

Digital World Acquisition (NASDAQ:DWAC) stock is up on Thursday as investors celebrate regulators approving its planned special purpose acquisition company (SPAC) merger with Trump Media & Technology Group.With this approval, Digital World Acquisition can move forward with plans to act as a vehicle to take Trump Media & Technology Group public. It intends to announce a date for a shareholder meeting in the next couple of days to have them vote on the SPAC merger.Digital World Acquisition has been seeking to ...