Stock in Trump’s Social Media Venture Soars 190 Percent Following Announcement

Donald Trump

The share price of Digital World Acquisition Corp., the company launching former President Donald Trump’s new social media and entertainment venture, rose nearly 190% following Trump’s announcement of his plans to develop the tech platform.

The company, listed on the NASDAQ stock exchange as DWAC, is a special purpose acquisition company (SPAC) that acts as a public shell corporation to acquire private companies and list them publicly on a stock exchange. The company entered into a merger agreement with Trump Media and Technology Group (TMTG) in order to raise public funding for Trump’s social media venture, according to a press release.

Trump announced Wednesday that he was launching a new social media platform called TRUTH Social intended to “fight back” against major tech companies that banned the former president earlier this year. The new venture will also include on-demand video entertainment and news services.

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U.S. Senator Bill Hagerty Explains China Regulation Behaviors, Biden Family, and Reconciliation

Wednesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed U.S. Senator Bill Hagerty to the newsmakers line to discuss China and SEC regulations, Joe Biden’s ties, and the fulfillment of the socialist wishlist.

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Gun Stocks Skyrocket as Violent Riots Continue

Gun stocks have skyrocketed as protests and riots continue throughout the United States following the death of George Floyd.

Activists set cars ablaze, smashed property, and looted businesses across the country as rioters protested the death of Floyd, a black man who died after a Minneapolis, Minnesota, police officer knelt on his neck for several minutes, video of the incident shows. The police officer, Derek Chauvin, has been fired and charged on 3rd degree murder and manslaughter charges.

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