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Yahoo Finance Video

Yahoo Finance Live’s Brian Sozzi discusses the decline in Digital World Acquisition Corp. stock following former President Trump’s announcement he will run for president in 2024.

Video transcript

[AUDIO LOGO]

BRIAN SOZZI: Let's take a look at one of the top trending tickers on the Yahoo! Finance platform this morning, that is Digital World Acquisition Group. The social media SPAC tied to former President Donald Trump, jumping then slumping this morning after Trump announced his run for the 2024 presidential election in a fiery speech to a crowd at his home in Mar-a-Lago, Florida.

Other stocks tied to the former president's 2016 campaign and his Conservative base are on the move as well. Software developer Phunware Inc, Canadian video platform Rumble, and artificial intelligence company Remark Holdings, again, all on the move.