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DWAC Drops 5% as Truth Download Data Slides, Bloomberg Reports -Breaking

by Mike Robinson

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© REUTERS

Sam Boughedda 

Investing.com — SPAC made the former president Donald Trump’s social media platform available to all. Digital World Acquisition Corp (NASDAQ:) dropped 5% after Bloomberg reported that downloads were down significantly.

According to a report, daily app downloads have dropped 95% from the launch last month.

The Truth Social App by Trump was released on Apple’s (NASDAQ:) App store in February. 

Apptopia research was used to inform the report that daily active users in the past week had been 513,000. 

This number may not be complete as some have already downloaded the app, but they are still on a waitinglist and don’t have full access. 

DWAC shares have fallen on the daily, however they are almost 570% higher than their debut in 2013. They also gained 27% since 2022. 

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