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Trump-Linked DWAC Gains as Rumble Agrees to Stream Truth Social

Published 12/15/2021, 06:49 AM
Updated 12/15/2021, 06:53 AM
© Reuters.

© Reuters.

By Dhirendra Tripathi

Investing.com – Shares of Digital World Acquisition Corp (NASDAQ:DWAC), the SPAC that is taking Donald Trump's new media company public, traded 4.3% higher in premarket Wednesday as video distribution platform Rumble agreed to stream content from trump's new media company, Truth Social.

Trump has been off social media as both Meta-owned Facebook (NASDAQ:FB) and his then favorite, Twitter (NYSE:TWTR), banned him from their platforms for his role in inciting the January 6 Capitol riot, an incident that is still the subject of a Congressional inquiry. Since then, Trump has been exploring ways to restore his once-sizable social media presence.

According to a Trump Media release, Rumble may also provide infrastructure and video delivery services for its subscription video on-demand product, TMTG+.

Rumble, which claims to be a neutral platform, is merging with CF Acquisition Corp VI (NASDAQ:CFVI), a special purpose acquisition company like DWAC. CF Acquisition stock traded 11% higher in premarket.  

 

Latest comments

Another poorly written article with false information.. “his role in inciting a riot..”. Give me a break.. Every leader that showed up to that protest pleaded for no violence and for a peaceful protest. Inciting riots is what the msm and the leaders of the democrat party did for 2 years during the bs blm movement.. Do you not understand that the American public see’s through the BS? We lose all respect for you when you lie.
good app
Will be another failed trump business
U lovin your succesful biden country?!?🙄😡🙄😡 Trumps country was 1000% SUCCESFUL - fraudulent biden is a 1000% FAILURE
It is about time these corrupted mega tech companies get some competition, they are the main cause for the country getting divisive and violent.
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