What's Going On With Trump-Linked Digital World Stock Today?
Portfolio Pulse from Anusuya Lahiri
Digital World Acquisition Corp (DWAC) has appointed Eric Swider as the permanent CEO, effective July 6, 2023. The company recently settled an $18 million SEC investigation into its planned merger with Trump Media & Technology Group. Elon Musk welcomed Donald Trump back to Twitter after acquiring it for $44 billion. In April, DWAC appointed Katherine Chiles as CFO, Alexander Cano as President and secretary, and Frank Andrews as the non-executive chairman. DWAC shares are trading 1.26% lower at $13.28 premarket.
July 11, 2023 | 12:40 pm
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DWAC has appointed a new CEO and settled an SEC investigation, which could bring stability. However, the stock is trading lower in the premarket.
The appointment of a permanent CEO and the settlement of the SEC investigation could bring some stability to DWAC. However, the stock is trading lower in the premarket, indicating that investors may still have concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100