Shares of Digital World Acquisition (NASDAQ:DWAC) are down in today’s trading session after it was reported that Trump is looking to return to Twitter and Facebook (NASDAQ:META).
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Devin Nunes, who is the CEO of Trump Media & Technology Group, recently stated that Trump isn’t interested in returning to Twitter. Nevertheless, reports continue to swirl that the opposite is true, as Trump is apparently unwilling to renew his exclusivity agreement with Truth Social.
DWAC shares have been very volatile since the plan to merge with Truth Social was announced. Although the stock is almost 60% higher than its original $10 IPO, it’s significantly lower than its 52-week high of $101.87 per share.
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