Stocks Dive For Truth Social SPAC Amid Merger Delay

2 months ago

In yet another troubling development for Donald Trump’s Truth Social media platform, stock values have taken a dive for the special purpose acquisition company (SPAC) that Truth Social is supposed to merge with to go public.

CNBC reports that prices have fallen 16% this month, including an 8% dip Monday, after investors apparently got jittery about a delay in the planned merger of the SPAC — Digital World Acquisition Corp. — with Truth Social’s owner, Trump Media & Technology Group.

Stocks were trading at $25.32 a share Monday, down significantly from their 2022 peak of about $97,

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