Register
Demo
Contacts
 

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Trump's first victory caused the growth of the associated company by 239%

January, 24 2024
watermark Economic news

Shares of Digital World Acquisition, a company associated with former US President Donald Trump, have shown impressive growth, increasing by 239% since his victory in the first primaries in Iowa last week. 


This growth is linked to the plans of the SpaceX company, which intends to merge with the Truth Social media platform created by Trump.


Digital World Acquisition's share price rose from around $17 last week to $58.66 on Tuesday, mainly due to the increased likelihood that Trump could nominate his Republican Party for president in 2024.


Digital World Acquisition itself was created in order to merge with the social media platform Truth Social, but there are no clear signs yet that this merger will happen in the near future.


Last year, Digital World investors approved a one-year extension of SPAC in order to complete the deal with Truth Social. Currently, there are only 9 months left before the expiration of this period, and if the transaction does not complete within the specified period, the company will have to return the funds received from investors when entering the stock exchange.


World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter
App store google play

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.