Trump merger stock SOARS before the release of Truth Social

by Joshua Perry

Shareholders of Digital World Acquisition (DWAC), the parent company of Trump Media & Technology Group (TMTG), were pleased on Wednesday as stock prices profited from a 14 percent surge.

The energy, excitement, and enthusiasm surrounding the Feb. 21 launch of Truth Social, President Trump’s new social media outlet, caused the special acquisition company to spike in cost.

Surviving the January market dip, DWAC remained unique as one of the few companies to maintain or gain desirability. To date, DWAC has earned a 93 percent return in gains, surpassing the Jan. 19 $80 buy-in with a total trading price of $83.25.

Investors in President Trump’s media conglomerate have experienced multiple increased dividends ranging back to the merger of DWAC and TMTG.

In October 2021, stockholders noticed a 1,000 percent increase from the starting price of $12.73 after the two businesses announced their public merger. Addressing the partnership through a media advisory, Trump said, “I created Truth Social and TMTG to stand up to the tyranny of Big Tech.”

Vowing to stand up to the bullying tactics of social media giants, like Twitter and Facebook, Trump is aiming to provide a cancel-free community to free speech practitioners.

Squandering zero time since his banishment from mainstream social media platforms a year ago, Trump is preparing to grab the ear of the Republican voting base one “Truth” at a time prior to the midterm elections. Most recently, the 45th president promised to “break up Big Tech,” and “restore free speech in America,” at a Save America rally in Conroe, Texas. Given Trump’s flirtatious tone, one might conclude that he is strongly considering a run for the 2024 presidential election.

However, until then, the firebrand conservative will use his new media venture to endorse America First candidates, influence voter turnout, and advance the MAGA agenda within the Republican Party.

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