Elon Musk’s quest to become a social media mogul is dealing a blow to Donald Trump’s social venture.
Shares of Digital World Acquisition Corporation, the controversial blank-check firm that plans to merge with Trump Media & Technology Group, fell 13% on Monday to close at $35.71. That's the lowest level since the Trump deal was announced last October — and the selloff comes as Musk reaches a deal to take over Twitter, one of the Big Tech companies Trump had vowed to take on. At one point, the stock was down as much as 19%.
" There is even speculation that Twitter, under Musk's control, could lift the ban on Trump himself.Trump's social media venture is still struggling to get off the groundTrump weighed in on the issue on Monday, telling Fox News he will not return to Twitter despite Musk's takeover. "I am not going on Twitter, I am going to stay on Truth," Trump told Fox News.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Trump Claims He Won't Rejoin Twitter Even if Elon Musk Welcomes Him BackThe former president says he’s committed to Truth Social, the social media platform on which he has yet to post. We’ll see how long that lasts
Weiterlesen »
Elon Musk Buys Social Media Giant: What This Means For Crypto TwitterElon Musk will acquire popular social media platform Twitter for $43.4 billion. The Tesla and SpaceX CEO has long used the platform to promote crypto assets like Dogecoin and Bitcoin, post memes, and get himself in trouble with the SEC. Musk aims to launch “new features,” “increase trust” by...
Weiterlesen »
Elon Musk confirms he turned down Bill Gates on climate change collaboration over shorting TeslaElon Musk confirmed Friday that he rejected working with Bill Gates on climate Change because the Microsoft founder was shorting Tesla
Weiterlesen »
Elon Musk sends cryptic 'moving on' tweetBillionaire tech mogul Elon Musk again has the world atwitter.
Weiterlesen »
Twitter Meeting with Elon Musk to Discuss $43 Billion Buy-Out ProposalElon Musk may, in fact, become the new owner of Twitter ... because they're meeting with him to discuss his $43 billion buyout offer.
Weiterlesen »