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The Latest Breaking News from DWAC

Trump’s Truth Social sues 20 media outlets over financial loss reports

Trump Media & Technology Group suffered a net loss of $31.6m between the organisation’s founding in February 2021 and 30 June 2023, SEC filing states

The Independent UK

Donald Trump’s Truth Social platform lost $31m since launch to mid-2023, filing shows

Donald Trump’s social media platform Truth Social has lost $31.6 million from its launch in early 2022 to mid-2023, a new securities filing has revealed.

Evening Standard

Trump’s Truth Social warns company may be forced to shut down amid huge losses

Filing reveals Truth Social’s parent company lost over $22m in first half of 2023

The Independent UK

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Dow Jones Rallies As Yellen Makes Pledge; Cathie Wood Sells These Stocks As Tech Earnings Loom

The Dow Jones rallied as Janet Yellen made an Israel-Ukraine pledge. Famed investor Cathie Wood sold some key tech stocks. Microsoft gained.

Investors Business Daily

Trump’s Truth Social platform faces uncertain future as key test looms

Former president’s social media platform is asking shareholders in Digital World for another year to complete merger

The Guardian - US

Donald Trump Booked, Returns To X With Mug Shot; DWAC Stock Wobbles Before Surge

DWAC stock is down 92% since its October 2021 high.

Investors Business Daily

3 Financial Stocks to Watch Closely for Rising Momentum

With sustained demand and rapid digital transformation, the financial services industry is poised for significant growth and expansion. Moreover, industry players usually benefit in a high-interest rate environment. Thus, robust financial stocks First American Financial (FAF), Everi Holdings (EVRI), and Digital World Acquisition (DWAC) could be ideal watchlist additions for…

StockNews.com

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Trump SPAC Deal Is Almost Over – Will Sept. 5 Be The Day Of Its Demise?

A key date for the merger and the company's future is coming up soon.

Zenger

Trump Media SPAC Faces Setbacks As SEC Settles Fraud Charges

Digital World Acquisition misled investors by not disclosing discussions with Trump-led media company, SEC finds.

Zenger

SEC announces settlement with merger partner of Trump’s Truth Social app

The SEC had already announced a $18m settlement

The Independent UK

Truth Social’s merger partner reaches $18m settlement with SEC

News of the settlement comes after three people involved in the merger between Donald Trump’s Truth Social and Digital World Acquisition Corp were indicted for insider trading

The Independent UK

Trump Media investors charged in $22m insider trading case

Federal indictment unsealed in Manhattan federal court

The Independent UK

3 charged in insider trading case related to taking ex-President Donald Trump's media company public

Three Florida men have been charged with making over $22 million illegally through insider trading by trading ahead of the public announcement that a special purpose acquisition corporation was going to take a media company owned by former President Donald Trump public

The Independent UK

DWAC Stock Marches Higher After Donald Trump Indictment. 'I AM AN INNOCENT MAN' Trump Tells 5.37 Million Followers

A federal grand jury indicted Donald Trump Thursday in a case involving confidential documents.

Investors Business Daily

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StockNews.com

Is Digital World Acquisition (DWAC) a Winner?

Shares of special purpose acquisition company Digital World (DWAC) have plummeted more than 70% over the past year. The stock has been on a downtrend since news of the merger with Donald Trump’s media company broke in 2021, with federal investigations delaying the deal’s closing. So, following Trump’s recent indictment,…

Investors Business Daily

Donald Trump Sticks To DWAC Truth Social As Ron DeSantis Announces Challenge On Twitter

Donald Trump took to Truth Social to attack Ron DeSantis Wednesday as DWAC stock dropped in morning trade.

StockNews.com

3 Financial Services Stocks to Beware of

As the United States grapples with the critical stage of raising its massive debt ceiling, the financial services sector finds itself on high alert. Hence, fundamentally weak financial services stocks BRP Group (BRP), Digital World (DWAC), and SAI.TECH Global (SAI) might be best avoided. Keep reading.

StockNews.com

Avoid These 3 Financial Stocks like the Plague

Rising interest rates usually benefit companies in the financial sector. However, not every financial stock can capitalize on the current interest rate environment. Also, given the financial sector crisis, it could be wise to avoid financial stocks BRP Group (BRP), Marathon Digital (MARA), and Digital World Acquisition (DWAC). Keep reading.

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Investors Business Daily

DWAC Stock Jumps After Donald Trump Indictment

A Manhattan grand jury indicted Donald Trump and DWAC surged on the news.

Investors Business Daily

DWAC Stock Climbs As N.Y. Grand Jury Puts Off Trump Case

Digital World ousted its chief executive as Trump's legal challenges approach a critical juncture. DWAC stock fell Wednesday.

Investors Business Daily

DWAC Stock Under The Microscope As Donald Trump Expects Arrest Tuesday

A Manhattan grand jury is expected to indict Donald Trump. How will DWAC, the special acquisition looking to take Truth Social public, respond?

The Guardian - US

Trump Media executives worried over murky $8m loans, emails reveal

Exclusive: financing with suspected Russian ties came at a critical time as company was running out of cash after a planned merger

The Independent UK

Federal prosecutors probed Trump social media company for $8m money laundering, report says

Multiple federal regulators have probed social media firm

StockNews.com

Despite the Fed’s best efforts, inflation remains above the comfort zone. Minutes from the Fed’s meeting show that officials are keen on raising interest rates. This could keep the stock market under pressure this year. Therefore, it could be wise for investors to steer clear of Shopify (SHOP), Snap (SNAP),…

Investors Business Daily

Stock Market Can't Find Mojo; Trump's Truth Social Stock In Peril

Stock market indexes struggled in the first half of Tuesday's session. Zoom Video rally eased Cathie Wood's ARK fund losses.

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