Shares of Digital World Acquisition, the blank-check company behind former President Donald Trump’s new social media venture, Truth Social, rose about 14% this morning before settling to a 5% increase as the app topped downloads on Apple’s App Store after its launch late on Sunday, Reuters reports.
The frenetic app downloading preceded scores of media reports that signups for the service did not go smoothly. Many news outlets reported would-be users of gthe service experiencing glitches and SNAFUs in the sign-up process, and that the app is essentially a carbon copy of Twitter, but currently, at least, without the functionality. More than 400,000 people are reportedly on a waiting list to access the service, which is not scheduled for a full launch until the end of March. Read more.
Trump-Linked SPAC’s Stock Surges as Truth Social App Tops Apple Downloads
