Trump Social SPAC Sinks as App Downloads Fall 95%

The blank-check firm that’s bringing Donald Trump’s media venture public is sinking as daily downloads for the former president’s social media app have declined 95% since launching last month, Bloomberg reports.

Digital World Acquisition Corp., the SPAC merging with Trump Media & Technology Group, has shed 29% of its value since shares soared late in February when the Truth Social app launched on the Apple App Store. Read more.

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