Follow the latest on Digital World Acquisition Corp.'s deal to take Donald Trump's social-media platform public as merger with Trump Media & Technology gets shareholder approval.
www.marketwatch.com
2 hours ago
By
Tomi Kilgore
Shares of Digital World Acquisition Corp. ended the day just off the lows of the day, as investors suffered their worst day in two months.
The stock was down 14.9% at its intraday low of $36.44, hit just minutes before the close, before recovering slightly to end the session down 13.7% at $36.94.
That was the biggest one-day selloff since it tumbled 24.8% on Jan. 24. But that drop followed a tripling in the stock -- up 200% -- during
a record seven-day win streak through Jan. 23.
Friday's selloff comes after the DWAC was cleared to finally complete the merger that will take former President Donald Trump's social-media company public, 17 months after the deal was announced.