Trump-Tied Social Media SPAC Slides After Key Executives Quit

Trump-Tied Social Media SPAC Slides After Key Executives Quit

(Bloomberg) — Shares of the shell company taking Donald Trump’s media venture public extended their selloff after a report that a pair of key executives resigned and Elon Musk bought a sizable stake in social-media competitor Twitter Inc.

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Digital World Acquisition Corp., the special-purpose acquisition company merging with Trump Media & Technology Group, fell 10% Monday to extend a losing streak for a seventh-straight day as downloads of the Truth Social app dry up….


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