Shares of Digital World Acquisition Corp., the special-purpose acquisition firm in search of to take Trump Media and Expertise Group public, slid Tuesday after Elon Musk reversed course and proposed going by way of along with his deal to purchase Twitter.
Shares of DWAC fell greater than 5% Tuesday to $17.10. The inventory’s 2022 peak was about $97 in March.
Trump Media and Expertise Group owns Fact Social, the platform based by former President Donald Trump after he was banned from Twitter following the Jan. 6, 2021 Capitol riot.
The Fact social community emblem is seen on a smartphone in entrance of a show of former U.S. President Donald Trump on this image illustration taken February 21, 2022.
Dado Ruvic | Reuters