Content Plus: Why Digital World Acquisition Was Surging Higher Again Today

Digital World Acquisition (DWAC 9.17%) shares continue to rise on Wednesday, with the empty check company up 13.2% at 11:40 a.m. ET.

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Why Elon Musk Just Bought Twitter

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On Monday, Elon Musk bought Twitter for $ 44 billion. Musk, C.E.O. of  Tesla, the world's richest man, plans to take over a private communications company, and says he wants Twitter to be more...

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Tesla falls 11% as Elon Musk sets focus on Twitter and Ford announces it will scale up production of electric F-150 amid huge demand

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Tesla stock fell 11% on Tuesday as investors scrambled with Elon Musk for Twitter acquisition and increased EV competition. Musk uses most of his Tesla stake as collateral to finance the $ 44 billion acquisition on social media. Meanwhile, Ford said it was facing a strong demand for its F-150 and that it plans to produce 150,000 units by 2023.   Tesla&#...

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Jeff Bezos speculates whether Tesla's ties to China will give the country any leverage over a Musk-owned Twitter

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Twitter has announced that it welcomes Elon Musk's $ 44 billion promise to buy on Monday. Jeff Bezos took to Twitter to ask if Tesla's business dealings in China would empower the company.   Twitter has been banned in China since June 2009 as part of the country's "Great Firewa...

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Grizler

The second consecutive day of double-digit stock profits follows the announcement that the Twitter board of directors (TWTR -1.96%) has agreed to Elon Musk's purchase proposal. Stocks rose more than 14% yesterday.

Digital World, after all, is a specialized discovery company (SPAC) that seeks to take the Trump Media & Technology Group (TMTG) to the public. TMTG is the director of President Trump's social media platform called Truth Social, which is another form of Twitter.

Twitter blocked Trump from his platform after the 2020 election, and many people were expecting Trump to return as Musk bought the company. That would naturally violate the foundation of Truth Social presence, but Trump recently announced that he would not be returning to Twitter, which has given more impetus to SPAC.

Although Digital World gained momentum this week, a backlash between it and TMTG has not yet been confirmed as the Securities & Exchange Commission is investigating possible violations of the rules under which SPACs should operate before taking the company to the public.

But with Twitter's purchase by Musk and Trump saying it will no longer be part of the social media platform, investors are hopeful that soon there will be a free exchange of ideas for ideas.

Courtesy Grizler.com

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