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.
