Trump SPAC is down 44% since Elon Musk disclosed Twitter stake
Companies, agencies, institutions, etc
FeaturedCrypto
Digital World Acquisition Corporation
Trump Media & Technology Group
Musk
Twitter
Big Tech
Truth Social
Renaissance Capital
SPAC
Tesla
Twitter
(TWTR
Fox News
Kennedy of Renaissance Capital
Elon Musk
the Trump SPAC
CNN
AscentMost
BATS
Morningstar, Inc.
Factset
FactSet Research Systems
Chicago Mercantile Association
Chicago Mercantile Exchange Inc.
Dow Jones
DJI Opco
S&P
Dow Jones Indices LLC
Standard & Poor’s
Standard & Poor’s Financial Services LLC
Dow Jones Trademark Holdings LLC
Cable News Network
Warner Bros. Discovery Company
CNN Sans ™ & ©
People
Elon Musk’s
Donald Trump’s
Matthew Kennedy
Groups
No matching tags
Physical locations
No matching tags
Places
No matching tags
Locations
Inc.2018
Events
No matching tags
Summary
“There’s no need to download Truth Social if you can get it on Twitter,” said Matthew Kennedy, senior IPO market strategist at Renaissance Capital, which provides IPO-focused ETFs and pro-IPO research. “I am not going on Twitter, I am going to stay on Truth,” Trump told Fox News. “While the market apparently believes that a Twitter owned by Elon Musk dims the outlook of Truth Social, Trump still has some financial incentives to use Truth,” Kennedy said. Beyond Musk’s efforts to acquire Twitter, the Trump SPAC has been hurt by the slow start of Truth Social.
As said here by Matt Egan, CNN Business