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Why Digital World Acquisition Stock Plummeted 19% Last Month

·2-min read
Why Digital World Acquisition Stock Plummeted 19% Last Month
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Shares of Digital World Acquisition Company (NASDAQ: DWAC) fell roughly 19% in April, according to data from S&P Global Market Intelligence. The special purpose acquisition company (SPAC) stock fell amid sell-offs for the broader market, concerns its merger with Trump Media & Technology Group (TMTG) might not go through, poor performance for the Truth Social platform, and news that Tesla CEO Elon Musk is on track to acquire Twitter.

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