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struggle4progress

(118,379 posts)

1. DWAC down nearly 14% down after merger approved by shareholders

Reply to struggle4progress (Original post)

Fri Mar 22, 2024, 07:49 PM

Mar 22

PUBLISHED FRI, MAR 22 202410:57 AM EDTUPDATED 3 HOURS AGO

The price of shares in Digital World Acquisition Corp. closed trading Friday nearly 14% lower than their opening price after the shell company’s shareholders approved a merger with the social media company owned by former President Donald Trump.

DWAC had opened the trading day at $44.20 per share, but quickly tumbled on the heels of the vote.

By the market close, DWAC shares were selling for $36.94 per share, a drop of $5.87, or 13.71% ...

https://www.cnbc.com/2024/03/22/trump-social-dwac-stock-falls-after-merger-approved.html

It's a win-win!

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Truth Social losing money. has scant sales [View all] struggle4progress Mar 22 OP

DWAC down nearly 14% down after merger approved by shareholders struggle4progress Mar 22 #1

After this prospectus is announced, I predict the stock price will plummet no_hypocrisy Mar 22 #2

The whole thing is a pump and dump type thing, like most cryptocurrencies, RockRaven Mar 22 #3

Why would anyone invest in it? struggle4progress Mar 22 #4

Truth Social Payday Won't Really Save Him struggle4progress Mar 22 #5

No big deal. RandySF Mar 22 #6

Stupidity is never rewarded AltairIV Mar 22 #7

There is a bin at the county recycling barn BOSSHOG Mar 22 #14

it's all about money with Trump BlueWaveNeverEnd Mar 22 #8

How can the SEC approve going public with such a financial disaster as trump? Karadeniz Mar 22 #9

The original company is already public leftieNanner Mar 22 #12

Well, they need to reevaluate this company !!! Karadeniz Mar 22 #17

I'm rooting for it to become a penny stock by October NanaCat Mar 22 #10

When it goes public Dan Mar 22 #11

Sites like that make their money from advertising. Demobrat Mar 22 #13

Trump is going down. Gonna lose it all... Joinfortmill Mar 22 #15

"will trade under the ticker "DJT," after his initials ..." thenelm1 Mar 22 #16

Yeah, the only people who will buy stock in it are billionaire parasites hoping to get something back. n/t PatrickforB Mar 22 #18

You don't think the MAGAT faithful with a few spare bucks will buy shares? A HERETIC I AM Mar 22 #20

"a vehicle for laundering bribes or cash from the sale of stolen documents" SouthernDem4ever Mar 22 #19