Trump Plans Twitter Return At The Most Opportune Moment: Axios
Portfolio Pulse from Benzinga Newsbot
Former President Donald Trump is considering a return to Twitter, despite owning his own platform, Truth Social. His return could potentially hurt Truth Social, as he owns 90% of Trump Media & Technology Group, the parent company of Truth Social. The value of these entities could decline significantly if Trump were to favor Twitter over Truth Social. A proposed merger between TMTG and the blank-check company Digital World Acquisition Corp. (NASDAQ:DWAC) is currently in limbo due to government investigations into potential money laundering violations.
June 28, 2023 | 11:30 am
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NEGATIVE IMPACT
The proposed merger between TMTG and DWAC is currently in limbo due to government investigations into potential money laundering violations.
The uncertainty surrounding the proposed merger between TMTG and DWAC due to government investigations could negatively impact DWAC's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Trump's return to Twitter could potentially increase user engagement on the platform.
Trump's return to Twitter could potentially increase user engagement on the platform, which could positively impact Twitter's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70