Shares of Digital World Acquisition Corp. Surge as Merger with Trump Media and Technology Group Nears Completion
Shares of Digital World Acquisition Corp. Surge as Merger with Trump Media and Technology Group Nears Completion

Asmongold's Hot Take

Ah another day another wild news story. It looks like Trump is making his grand return to social media and this time he's bringing his own platform called Truth Social. And guess what? The stock market is going nuts over it!

DWAC Stock Skyrockets

Digital World Acquisition Corp. the SPAC that's merging with Trump Media and Technology Group saw its stock soar by a whopping 16% after announcing that the merger is almost complete. I guess investors are hyped about the prospect of 'making Azeroth great again'.

Delay after Delay

But let's not forget about the rocky road this merger has taken. It's been pushed back multiple times due to investigations by the Department of Justice and the SEC. I wonder if Trump tried pulling a 'Divine Intervention' to speed things up.

Insider Trading Shenanigans

And of course no spicy merger story is complete without a dash of insider trading. Last year some Florida investor got caught up in the drama and was charged with making illicit trades. Looks like he'll be needing some 'Cloak of Shadows' to hide from the authorities.

Trump's Resurgence

It's no secret that Trump has been eyeing a return to the political spotlight. And with his status as the likely Republican nominee for president it seems like his chances are looking pretty 'OP'. No wonder DWAC stock has surged nearly 200% this year. It's like 'Blessing of Kings' for investors.

From President to Paladin

But the real question is can Trump's Truth Social platform compete with the big players like Facebook and Twitter? Asmongold wonders if people will be flocking to the platform for some 'Looking for Group' action or if it'll be more like a ghost town. 'Who needs LFG when you can have Truth Social?' he quips.


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