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Trump SPAC shares soar on social media deal news

The homepage and the app announcement of Truth Social. Donald Trump, former US president, wants to create an alternative social network. There isn’t much else to be seen aside from this announcement.

Getty Images| picture alliance | Getty Images

SPAC stock price Digital World Acquisition GroupOn Thursday, trading rose by 50% following the announcement of a deal that would have allowed former President Donald Trump to create his social media platform.

Trump claimed Wednesday that he’d roll out a platform named “TRUTH social,” which he said would “stand up to Big Tech’s tyranny.”

This is important breaking news. Keep checking back for more updates.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.