Trump SPAC Is Up 250% In Past Year: Why Marjorie Taylor Greene Is Losing On The Trade
Portfolio Pulse from Chris Katje
The SPAC merger between Digital World Acquisition Corp (NASDAQ:DWAC) and Trump Media & Technology Group was approved, making Trump's company public. Despite DWAC's 250% increase over the past year, U.S. Rep. Marjorie Taylor Greene faces losses on her investment in DWAC shares due to buying at peak prices. The merger completion will see Greene owning shares in the new entity, with Trump holding 80 million shares.
March 25, 2024 | 8:25 pm
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Digital World Acquisition Corp's merger with Trump Media & Technology Group has been approved, making Trump's company public. Despite a significant yearly increase, investments made at peak prices, like those by Rep. Greene, have resulted in losses.
The approval of the SPAC merger and the public debut of Trump Media & Technology Group could generate increased investor interest in DWAC, potentially driving up its stock price in the short term. However, the losses faced by early investors like Rep. Greene, who bought at peak prices, highlight the volatility and risk associated with such investments.
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