"DWAC Shareholders Approve Merger, Trump Media to Trade as DJT Tuesday"

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Source: CNBC
"DWAC Shareholders Approve Merger, Trump Media to Trade as DJT Tuesday"
Photo: CNBC
TL;DR Summary

Former President Donald Trump's newly merged social media company, Trump Media & Technology Group Corp., will begin trading under the stock ticker symbol DJT on Tuesday, following the completion of a merger with Digital World Acquisition Corp. The majority of DWAC shareholders approved the merger, causing DWAC's share price to soar up to 25% higher on Monday. Trump, who owns at least 58% of the company, is barred from selling shares for six months. The company, led by CEO Devin Nunes, aims to build a movement to reclaim the Internet from Big Tech censors and serve as a safe harbor for free expression.

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