The stock price of the blank-check company that has partnered with ex-President Donald Trump’s social media firm plunged in late-day trading yeserday as news of the delay in the app’s launch spread on Twitter.
The company, Digital World Acquisition, opened trading Monday at $87.02 per share, and spiked to as high as $97.15 earlier Monday. But the stock price began plunging around 3:30 p.m. ET, and fell to as low as $80.45 per share.
DWAC closed the trading day at $83.88 per share.
In early January, Truth Social indicated on the Apple App Store that it would launch on Feb. 21. It’s now expected to go live at the end of March. Read more.
