Bloomberg Law
April 4, 2022, 8:16 PM

Trump-Tied SPAC Slides as Executives Quit, Musk Buys Twitter (1)

Bailey Lipschultz
Bailey Lipschultz
Bloomberg News

Shares of the shell company taking Donald Trump’s media venture public extended their selloff after a report that a pair of key executives resigned and Elon Musk bought a sizable stake in social-media competitor Twitter Inc.

Digital World Acquisition Corp., the special-purpose acquisition company merging with Trump Media & Technology Group, fell 10% Monday to extend a losing streak for a seventh-straight day as downloads of the Truth Social app dry up. The decline was triggered by a Reuters report that Truth Social’s chiefs of technology and product development Josh Adams and Billy Boozer have resigned and ...

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