Trump-Linked SPAC Stumbles as Retail Trading Frenzy Loses Steam

The euphoria surrounding shares in Digital World Acquisition, the SPAC tied to former President Donald Trump, is showing signs of fizzling out, Bloomberg reports.

Shares of the blank-check company fell for a second day on Tuesday after skyrocketing as much as 1,225% last week, as retail traders shifted their focus to other corners of the stock market. Digital World, which is set to merge with Trump’s new social media platform, Trump Media & Technology Group, declined 15% to $71.75 in mid-morning trading. It fell almost 11% yesterday. Read more.

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