Trump-Linked DWAC Gains as Rumble Agrees to Stream Truth Social
Investing.com
Published Dec 15, 2021 06:49AM ET
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.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.