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Investing.com – Stocks of Digital World Acquisition (NASDAQ:DWAC), the blank-check company merging with Trump Media & Technology Group, surged 10% Tuesday on news that Truth Social, the former President’s social media platform, has gone live.
Truth Social debuted Sunday and was the top free available app on Apple’s (NASDAQ:AAPL) app store. The launch marks more than a six-month-long effort by Trump to resume active online activity after being barred by Facebook-owner Meta Platforms (NASDAQ:FB) and his then-favorite Twitter (NYSE:TWTR) for his alleged role in the January 6 Capitol riot. Since then, he has been exploring ways to restore his once-sizable social media presence.
As Trump’s plans take shape for another bid for the White House, stocks associated with him – Phunware (NASDAQ:PHUN) and CF Acquisition Corp VI (NASDAQ:CFVI) among others – have been in the limelight. Phunware had provided technology services to the unsuccessful Trump 2020 campaign.
In the case of CF Acquisition Corp VI, there have been reports of the video platform merging with Rumble, another social platform that counts Trump as a member.
According to The Wall Street Journal, some people reported being unable to create an account or received error messages when trying to do so. Others were prompted to join a waitlist.
