Free Republic

KEY POINTS The stock price of SPAC company Digital World Acquisition Corp. rocketed up more than 100% in trading after news of a merger that would launch former President Donald Trump's planned social media platform. Trump said he would roll out the platform called "TRUTH Social," which he claimed will "stand up to the tyranny of Big Tech." DWAC was incorporated as a special purpose acquisition company shortly after Trump lost a re-election bid against President Joe Biden. DWAC was among the top 10 most popular names on Reddit's WallStreetBets chatroom, even exceeding meme stock GameStop's mentions. The stock price...

President Donald J. Trump has revealed dominating plans to compete with the radical left media with the formation of Trump Media & Technology Group. Trump Media & Technology Group, which is chaired by President Trump, has merged with Digital World Acquisition Corp. to become a publicly listed company with a potential valuation of up to $1.7 billion, a Wednesday press release from TMTG states. The media company intends to “create a rival to the liberal media consortium and fight back against the ‘Big Tech’ companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America,”...