Trump Returns To Twitter, Now X, Boasts More Followers Than All GOP Opponents Combined
Portfolio Pulse from Chris Katje
Former President Donald Trump has returned to Twitter, now rebranded as X, after Elon Musk lifted the ban on his account. Trump's return could impact the 2024 presidential election as he has more followers than all his GOP opponents combined. Trump Media & Technology Group, which owns Truth Social, a platform Trump had exclusivity with, is attempting to merge with Digital World Acquisition Corporation (NASDAQ:DWAC).
August 26, 2023 | 5:42 pm
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POSITIVE IMPACT
Trump Media & Technology Group is attempting to merge with Digital World Acquisition Corporation (NASDAQ:DWAC). Trump's return to Twitter could potentially increase the visibility and popularity of Truth Social, which could positively impact DWAC's stock price.
Trump's return to Twitter increases his visibility and reach, which could indirectly benefit Truth Social, a platform owned by his Trump Media & Technology Group. As the group is in the process of merging with DWAC, this increased visibility and potential user growth for Truth Social could positively impact DWAC's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80