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1 min read
Digital World Acquisition Corp. jumps 29% as merger partner Trump Media eyes $1 billion fundraise
Trump Media & Technology Group is already in line to receive $293 million if its deal to go public …
Carla Mozée
1 min read
The SPAC taking Trump's Truth Social public slides 11% as 2 key executives reportedly depart the social media app
DWAC shares have been under pressure recently following the rocky launch of the Truth Social conser…
Carla Mozée
1 min read
An executive of the SPAC taking Trump's media company public is suing for 'brazen fraud', report says
Brian Shevland said he had been in the running for a board seat and that he was an integral part of…
Max Adams
2 mins read
Donald Trump's SPAC gambit could make him richer than ever, with the ex-president and any partners reportedly set to own more than 50% of the post-merger company
Bloomberg estimates Trump and any of his partners will own a combined $4.8 billion stake in the pos…
Natasha Dailey
1 min read
The advisor to the SPAC taking Trump's media firm public is launching its own blank-check company
EF Hutton is looking to raise $125 million via its SPAC, according to a filing. It is targeting fir…
Isabelle Lee
1 min read
Digital World Acquisition Corp. falls 10% as board members subpoenaed over deal for Trump's Truth Social
The SPAC is attempting to move towards a proposed merger with Truth Social, a social media website …
Jennifer Sor
1 min read
Digital World Acquisition Corp. falls 10% as board members subpoenaed over deal for Trump's Truth Social
The SPAC is attempting to move towards a proposed merger with Truth Social, a social media website …
Jennifer Sor
2 mins read
Trump left Truth Social board not long before it got hit with an SEC subpoena, filing shows
The company behind Truth Social is in the process of being acquired by a SPAC and the merger is und…
Isobel Asher Hamilton,Tom Por…
1 min read
Donald Trump's SPAC merger may have violated securities laws, a report says
Former President Donald Trump and the leadership of the SPAC that is set to take his company public…
Kevin Shalvey
2 mins read
Donald Trump's media company is suing 20 publications, alleging they falsely reported that Truth Social lost $73 million
Lawyers for Donald Trump's media company called the inaccurate reporting of Truth Social losses an …
Thibault Spirlet
1 min read
At least 2 hedge funds dumped their SPAC stakes after a merger with Trump's new media company was announced, reports say
Investors in Digital World Acquisition Corp. reportedly sold their shares after finding out the SPA…
Kevin Shalvey
2 mins read
Digital World Acquisition falls 15% after Elon Musk buys Twitter for $44 billion
"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square," El…
Matthew Fox
2 mins read
Digital World Acquisition could plummet 78% as regulatory scrutiny means it will likely never merge with Trump's Truth Social media platform, short seller says
"DWAC is not just another dubious 2021 SPAC; it is a poster child for some of the worst abuses the …
Matthew Fox
2 mins read
SPAC that plans to take Donald Trump's media venture public soars in market cap to $2 billion
The spike comes during an eventful week for Digital World Acquisition Corp.and Trump Media & Techno…
Emily Walsh
2 mins read
Trump-linked SPAC falls as the company gives shareholders more time to vote on extending a merger deadline with Truth Social
Digital World Acquisition Corp. is giving shareholders two more days to vote on extending a merger …
Carla Mozée
1 min read
A short seller says the party is over for Digital World Acquisition Corp. after a stunning rally, and that Trump, not the SPAC shareholders, is in control
Shares of Digital World Acquisition Corp. slumped Monday after last week's epic rally that pushed t…
Natasha Dailey
2 mins read
Trump's Truth Social has only 5 million members and is performing badly but could be valued at more than $5 billion
Trump Media lost $49 million in the first nine months of 2023 on revenue of just $3.4 million, The …
Rebecca Rommen
2 mins read
A former 'The Apprentice' contestant who first pitched Truth Social to Trump has left the company behind the app, report says
Andy Dean Litinsky pitched Truth Social to Donald Trump in January 2021 with fellow "The Apprentice…
Isobel Asher Hamilton
2 mins read
Trump's Truth Social struggled to hire tech workers because it wanted right-wing staffers and nobody wanted to take the jobs, report says
Trump Media and Technology Group screened workers for their political views and avoided left-wing j…
Isobel Asher Hamilton
2 mins read
Donald Trump's personal wealth rose $600 million since he left the White House, according to Forbes
The billionaire jumped ahead in Forbes' list of the wealthiest people in the world in large part du…