Trump SPAC slumps after wild week of trading
CNN
The shell company that plans to merge with former US President Donald Trump's new media firm is losing some steam after last week's trading bonanza.
Shares of Digital World Acquisition Corp. plunged nearly 30% Tuesday after falling 11% on Monday.
Digital World Acquisition Corp. skyrocketed by as much as 1,657% last week after Trump announced on Wednesday a deal to list Trump Media & Technology Group through what's known as a SPAC, or a Special Purpose Acquisition Company.
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