Trump says 'I love Truth Social' one day after DWAC stock plunges on social media merger vote
Publishing timestamp: 2024-03-23 14:47:20
Summary
Share price of DWAC plunges nearly 14% following shareholder approval of merger with Trump Media & Technology Group. Concerns about revenue potential and Trump's legal issues contribute to the drop. Trump faces civil legal judgments and mounting legal bills as he seeks to unseat President Joe Biden. Trump's lawyers say he does not have cash to obtain appeal bond for fraud judgment. Trump will be blocked from selling shares in Trump Media for six months, but new board of directors could vote to lift that restriction.
Sentiment: NEGATIVE
Tickers: DWAC,
Keywords: business news, digital world acquisition corp, laws, social media, donald trump, breaking news: markets, markets, breaking news: politics, politics, business, joe biden,
Source: https://www.cnbc.com/2024/03/23/trump-says-i-love-truth-social-after-dwac-stock-plunges-.html