{"id":215010,"date":"2022-02-23T04:45:00","date_gmt":"2022-02-23T04:45:00","guid":{"rendered":"https:\/\/omni48.com\/news\/trump-linked-spac-s-shares-surge-as-truth-social-app-tops-apple-downloads"},"modified":"2022-02-23T04:45:00","modified_gmt":"2022-02-23T04:45:00","slug":"trump-linked-spac-s-shares-surge-as-truth-social-app-tops-apple-downloads","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/trump-linked-spac-s-shares-surge-as-truth-social-app-tops-apple-downloads","title":{"rendered":"Trump-linked SPAC&#8217;s shares surge as Truth Social app tops Apple downloads"},"content":{"rendered":"<p>Feb 22 (Reuters) &#8211; Shares of Digital World Acquisition Corp (DWAC.O), the blank-check company behind former U.S. President Donald Trump&#8217;s new social media venture, Truth Social, rose about 14% on Tuesday as the app topped downloads on Apple&#8217;s App Store after its launch late on Sunday.Truth Social was downloaded 170,000 times since its launch, according to research firm Apptopia. The app&#8217;s launch could mark Trump&#8217;s return to social media after he was banned from Twitter Inc (TWTR.N), Facebook (FB.O) and Google (GOOGL.O) following an attack on the U.S. Capitol by his supporters last year. read more Digital World&#8217;s shares jumped 14% to $96.36, levels last seen in October, days after the blank check firm announced a deal to publicly list Trump Media &amp; Technology Group (TMTG), the venture behind Truth Social.The stock was also trending high on investor-focused social media site stocktwits.com, indicating interest from retail traders.&#8221;It&#8217;s driven by hype but I&#8217;m skeptical that the retail driven frenzy can be<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Feb 22 (Reuters) &#8211; Shares of Digital World Acquisition Corp (DWAC.O), the blank-check company behind former U.S. President Donald Trump&#8217;s new social media venture, Truth Social, rose about 14% on<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[81,13,42,41,34,43],"class_list":["post-215010","post","type-post","status-publish","format-standard","hentry","category-news","tag-capitol","tag-cell-phones","tag-politics","tag-potus","tag-technology","tag-u-s-politics"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/215010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=215010"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/215010\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=215010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=215010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=215010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}