DWAC stock tumbles more than 12% after Trump social media merger approved by shareholders
Publishing timestamp: 2024-03-22 13:19:47
Summary
The price of shares in Digital World Acquisition Corp. fell more than 12% after shareholders approved merger with social media company owned by Donald Trump. The newly merged company, Trump Media, could begin trading under new ticker DJT next week. Trump holds the majority of shares in the new company, which would be worth $3 billion or more.
Sentiment: NEGATIVE
Tickers: DWAC,
Keywords: politics, breaking news: markets, social media, digital world acquisition corp, markets, business, donald trump, breaking news: politics, business news,
Source: https://www.cnbc.com/2024/03/22/trump-social-dwac-stock-falls-after-merger-approved.html