- Shares of the SPAC set to take Trump Media public fell after Elon Musk revived his deal to buy Twitter.
- Former President Donald Trump launched the Truth Social platform after he was banned from Twitter following the events of Jan. 6, 2021.
- Musk has previously said he would lift Twitter’s ban on Trump if he bought the company.
Shares of Digital World Acquisition Corp., the special-purpose acquisition company seeking to take Trump Media and Technology Group public, slid Tuesday after Elon Musk reversed course and proposed going through with his deal to buy Twitter.
Shares of DWAC fell more than 5% Tuesday to $17.10. The stock’s 2022 peak was about $97 in March.
related investing news
Pro Picks: Watch all of Tuesday’s big stock calls on CNBC
Trump Media and Technology Group owns Truth Social, the platform founded by former President Donald Trump after he was banned from Twitter following the Jan. 6, 2021 Capitol insurrection.
WATCH LIVEWATCH IN THE APP
Source: Business - cnbc.com
