Trump-linked Digital World's shares surge after Truth Social Goes Live

Trump's Truth Social

Stocks of Digital World Acquisition (DWAC), the blank-check company merging with TMTG (Trump Media & Technology Group), surged 10% Tuesday as Truth Social, the former President’s Donald Trump's social media platform, has gone live.

DWAC shares jumped 26% to $106.44 and were on track to open at levels last seen in October, days after DWAC announced a deal to publicly list TMTG, the venture behind Truth Social. Other stocks linked to Trump also advanced. Phunware, hired by Donald Trump's 2020 Presidential re-election campaign to build a phone app, climbed 17.9%.

On Sunday it was launched and Truth Social was the top free available app on Apple's app store.

Trump was barred by Youtube, Facebook (Meta Platforms) and his then-favorite Twitter for his alleged role in January 6, 2021, Capitol riot. Since then, he has been exploring ways to restore his once-sizable social media presence. The Official Twitter account of Trump War Room is still active on Twitter, and all Trump's Updates were provided by Dan Scavino from time to time. Right now Donald Trump is active on Rumble, all his MAGA and Save America Rally are covered on this platform. In the case of CF Acquisition Corp VI, there have been reports of the video platform merging with Rumble.

According to media reports, due to massive responses from the Trump Supporters, some people reported being unable to create an account or received error messages when trying to do so. Others were prompted to join a waitlist.

Users are getting messages like this "Due to massive demand, we have placed you on our waitlist. We love you, and you're not just a number to us. But your waitlist number is below," a message greeted users after they created an account.

Truth Social, which counts former President Donald J. Trump as its chairman and former Rep. Devin Nunes as CEO of Truth Social, soared to the No. 1 downloaded app on Apple's app store as of Tuesday morning. But that strong demand led to reports of countless error messages and more than 600,000 interested users being wait-listed.

Truth Social was originally scheduled for a launch sometime in February on President Day 2022, but expectations were pushed back after CEO Devin Nunes said the app would be fully operational by the end of March. Monday's release of the app was no doubt a pleasant surprise to Digital World investors. Shares of DWAC soared as much 62% to $137 on Tuesday. You can also read a complete report from Business Insider on this topic

Truth Social will represent the voice of America's conservative base who were continuously censored by Big Tech companies. Truth Social also planning to merge with Rumble, a Canadian video-sharing platform with a conservative bent, surged earlier this month after it attempted to poach the podcast host Joe Rogan away from Spotify with a $100 million offer.

You can also watch a report from Reuters Official Youtube Channel on this topic for your reference.

Trump-linked SPAC soars on Truth Social downloads. Shares of DWAC, the blank-check company behind former U.S. President Donald Trump's new social media venture, Truth Social, rose about 14% as the app topped downloads on Apple's App Store.

Comments

'Fauci Is In The Witness Protection Program Now': DeSantis Highlights Lower Profile For Dr. Fauci

Photo credit: Gage Skidmore/CC BY-SA 2.0, via Flickr 'Fauci Is In The Witness Protection Program Now': DeSantis Highlights Lower Profile For Dr. Fauci. At a press event on Wednesday, Florida Gov. Ron DeSantis spoke about Dr. Fauci. The Press Conference was held at the University of South Florida to announce investments in cybersecurity workforce education. During the same news conference, he took a shot at Dr. Anthony Fauci, Biden's chief medical advisor, over his actions during the Coronavirus pandemic. DeSantis has fundraised off of attacking Fauci and his campaign sells anti-Fauci merchandise. "I agree if you think about what they've done, Fauci is in the witness protection program now," said DeSantis, when asked if there were any parts of Biden's State of the Union address that he agreed on. "If you listen to them, they have never supported all these policies that were so destructive." During this press conference he was also talking about...

President Trump explains more about his new social media site "Truth Social" | Latest Statement on TMTG

Photo "Donald Trump" by Dan Scavino Latest Statement on TMTG by the 45th President Donald J. Trump Last week, I announced the creation of a major new company that will challenge the dominance of the Big Tech giants and Big Media bosses. Today I want to explain more about what I am doing and why. For me, this endeavor is about much more than politics. This is about saving our country. America has always been a nation of smart, spirited, and independent people who take pride in thinking for themselves. We admire those who aren’t afraid to speak their minds, or go against the tide. Yet suddenly, we find ourselves being censored and dictated to by a small group of self-righteous scolds and self-appointed arbiters of what everyone else is allowed to think, say, share, and do. Nowhere is this censorship more dangerous and brazen than on social media, the public square of our times. We have seen renowned medical doctors being banned from platforms for contradicting “health author...

Governor Ron DeSantis Appoints Christian Caban and Monesia Brown to Tallahassee State College Board

Photo credit: Gage Skidmore/CC BY-SA 2.0, via Flickr TALLAHASSEE, Fla. — July 23, 2025 Florida Governor Ron DeSantis has announced the appointment of Christian Caban and the reappointment of Monesia Brown to the Tallahassee State College District Board of Trustees , reinforcing the state’s commitment to strong leadership in higher education. Christian Caban Joins the Board Christian Caban, a community leader and entrepreneur, currently serves as the Leon County Commissioner for District 2 . In addition to his role in local government, Caban is the Principal of Wolf Hospitality Group , a growing business venture rooted in the region. He brings significant civic experience, serving on the Juvenile Justice Board for Circuit 2 , the Leon County Value Adjustment Board , and the Downtown Tallahassee Redevelopment Commission . Caban earned his bachelor’s degree in chemical science from Florida State University , and his appointment marks a continued effort to integrate loc...

Watch: Karoline Leavitt Discusses The Admin’s Decision To Pick The Press Allowed To Ask Trump Questions

Karoline Leavitt Karoline Leavitt Discusses The Admin’s Decision To Pick The Press Allowed To Ask Trump Questions Washington, D.C. – During Tuesday's White House Press Briefing, Press Secretary Karoline Leavitt addressed questions regarding the Trump Administration's new policy on selecting reporters who will be granted the opportunity to cover President Donald Trump in high-profile settings. The policy follows a recent court ruling by Judge McFadden, who dismissed a lawsuit filed by the Associated Press (AP) against the White House. The lawsuit had challenged the administration's decision to remove AP from certain press events, a move critics claim restricts access to key governmental proceedings. During the briefing, a reporter questioned Leavitt on whether the administration would consider dissolving the White House Correspondents' Association (WHCA), given the ruling's acknowledgment that the organization has no formal authority over press access. "W...

JUST IN: Governor Ron DeSantis Awards Medal of Freedom to Jimmy Buffett & 4 Other Florida Icons

Florida Governor Ron DeSantis JUST IN: Governor Ron DeSantis Awards Medal of Freedom to Jimmy Buffett & 4 Other Florida Icons Tallahassee, Fla. — August 20, 2025 Governor Ron DeSantis today honored five legendary Floridians with the Governor’s Medal of Freedom , the state’s highest civilian award. The recipients— Jimmy Buffett, Bob Graham, Buddy MacKay, Lincoln Díaz-Balart, and John Thrasher —were recognized posthumously for their lifelong contributions to Florida’s culture, politics, and public service. “I’m proud to recognize the legacies of these great Floridians,” Governor DeSantis said. “Our state is better for their contributions, and we’re proud they called Florida home. They have each earned the honor of being awarded the Governor’s Medal of Freedom.” The award, created in 2020, celebrates individuals who have made “especially meritorious contributions” to the state of Florida and its citizens. Honorees and Their Legacies Jimmy Buffett (1946–2023): Beloved singer-song...

MAJOR SECURITY COMPANY EMPLOYS MAN WITNESSED IN ACTS OF DOMESTIC TERRORISM

MAJOR SECURITY COMPANY EMPLOYS MAN WITNESSED IN ACTS OF DOMESTIC TERRORISM ArmorCode Under Fire for Alleged Vandalism Incident Involving Employee Jim Pelis ArmorCode, a prominent cybersecurity company led by CEO Nikhil Gupta, is facing intense scrutiny after one of its employees, James "Jim" Pelis, was allegedly caught on camera vandalizing a Tesla Cybertruck in New Hampshire. The incident reportedly took place on Saturday, March 22, 2025, in the parking lot of the Omni Mount Washington Resort & Spa in Bretton Woods. Details of the Incident According to reports, the owner of the Tesla Cybertruck, Kerri Pouliot, discovered the damage within an hour of arriving at the hotel. Surveillance footage is said to show Jim Pelis keying the vehicle. Despite initially denying involvement when questioned by police, Pelis was confronted with video evidence. The Carroll Police Department and the Coos County Attorney's Office have confirmed they are currently investigating the matt...

Youtube is Demonetizing The News Category Channel With Reused Policy Notice.

Your channel wasn’t accepted for monetization Youtube is Demonetizing The News Category Channel With Reused Policy Notice. Hey Everyone, we are the news and media-based channel on youtube and we usually providing the live streaming of press conferences, media byte, public meetings, and party events that totally fall under the fair use policy. But as per youtube policy, we are also uploading our commentary based videos as well to avoid the reused or duplication issue with youtube. We had faced such an issue in 2018 also. But we fixed it at that time. Now again they are targeting the small channels like us. On End of October 2020, our channel US Hub was demonetized with notice that our channel has reused contents. So We modified our video stuff and reapply again on 5th December 2020. but They had rejected giving this email to us. Your channel wasn’t accepted for monetization on Youtube Even a new youtube rule says that the US Based youtube channels will monetized by youtube & 10...

Marjorie Taylor Greene Speaks Out About Calling Biden A 'Liar' During The State Of The Union

Photo credit: Gage Skidmore/CC BY-SA 2.0, via Flickr In a video released to social media, Rep. Marjorie Taylor Greene (R-GA) slammed President Biden's State of the Union address and defended calling him a "liar." Last night, President Joe Biden delivered his State of the Union address to the nation. While many tuned in to hear the President's plans for the future, some were left frustrated by his speaking style. According to some reports, Biden was difficult to understand at times due to his tendency to yell and mumble through applause. One major topic discussed by the President was the ongoing issue of fentanyl deaths, which have become the number one cause of death for young people between the ages of 18 and 45. However, President Biden faced criticism for not having the plan to secure the border and for wanting the border open. In addition to the border crisis, President Biden also talked about the fast food industry and the non-compete fees faced by compan...

Watch Graham Stephan's Reaction After Trump Confirms NEW DOGE Tax Refunds – Billions Being Returned!

Graham Stephan Watch Graham Stephan's Reaction After Trump Confirms NEW DOGE Tax Refunds – Billions Being Returned! Washington, D.C. – In a surprising turn of events, President Donald Trump has signaled support for a proposal that could see billions of dollars in government savings returned to taxpayers in the form of DOGE Tax Refunds . The initiative, spearheaded by the Department of Government Efficiency (DOGE) , has the potential to put money back into the hands of millions of Americans by 2025. The news quickly went viral after finance expert and YouTuber Graham Stephan weighed in on the matter, sharing his thoughts on the DOGE Tax Refunds and how they might impact American taxpayers. Graham Stephan Reacts to DOGE Tax Refunds In a recent video, Graham Stephan broke down the potential refund program and its implications for U.S. citizens. “What’s up, you guys? It’s Graham here. And how would you like to receive a few thousand dollars for doing absolutely nothing?” Ste...

JUST IN: Dan Bongino Issues Urgent Update on FSU Tragedy and Rising SWATTING Threats

Photo credit: Gage Skidmore/CC BY-SA 2.0, via Flickr JUST IN: Dan Bongino Issues Urgent Update on FSU Tragedy and Rising SWATTING Threats WASHINGTON, D.C. — April 18, 2025 — FBI Deputy Director Dan Bongino has issued a late-night update following his return from visits to the Bureau’s Los Angeles and Phoenix field offices , providing insight into the agency’s response to the Florida State University (FSU) shooting and a disturbing rise in SWATTING incidents across the country. In a social media post shared early Friday morning, Bongino stated: “I was in my HQ office last night after returning from our LA and Phoenix field offices getting a briefing on the tragedy at FSU. I also requested an update from our team on the disgusting spate of dangerous SWATTING incidents. I requested an early briefing this morning at HQ from our management team to gather additional updates. The Director and I are very concerned about this and we’re doing our best to keep you informed.” ...

US Hub

Search This Blog