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Benzinga

Business

Henry Khederian

Why Donald Trump-Related Stock Digital World Acquisition Is Rising

Digital World Acquisition Digital World Acquisition Corp Truth Social App Store Nasdaq Elon Musk Twitter Inc.

Digital World Acquisition Corp (NASDAQ:DWAC) shares are trading higher by 9.00% at $44.47 after Truth Social became the top free app on the App Store. Digital World Acquisition Corp is the merger partner of Trump Media & Technology Group, which is the owner of Truth Social.

Digital World Acquisition shares have otherwise been trading lower by 34.03% over the past month amid the ongoing and now completed talks between Twitter and Elon Musk, which could potentially raise competition concerns. Twitter on Monday accepted Elon Musk’s offer to acquire Twitter for $54.20 per share.

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