Why Shares of Digital World Acquisition Are Falling Today
Shares of Digital World Acquisition (NASDAQ: DWAC), the special purpose acquisition company taking former President Donald Trump's new social media platform, Truth Social, public, are falling today after two key executives have reportedly resigned. Shares of DWAC traded roughly 10.5% down as of 10:42 a.m. ET.
Reuters reports that Josh Adams, Truth Social's head of technology; and Billy Boozer, head of product development, have both resigned less than one year after joining the company.
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Source Fool.com