DWAC Stock Forecast: Digital World Acquisition gains but posts a 9.0% loss for the week
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get all exclusive analysis, access our analysis and get Gold and signals alerts
Elevate your trading Journey.
UPGRADE- NASDAQ:DWAC gained 4.31% during Friday’s trading session.
- Elon Musk has now denied that Truth Social ever contacted him with its support.
- Bill Gates has spoken out against Musk’s acquisition of Twitter.
NASDAQ:DWAC posted a small gain to close the week but still ended up losing over 9.0% during the past five trading days. On Friday, shares of DWAC rose by 4.31% and closed the trading session at $47.39. All three major indices closed lower yet again although the results on Friday were much tamer than the losses that were incurred during Thursday’s trading. The Dow Jones posted its sixth consecutive losing week after shedding a further 98 basis points, while the S&P 500 and NASDAQ fell by 0.57% and 1.40% respectively during the session. The NASDAQ posted its fifth consecutive losing week for the first time since 2012.
Stay up to speed with hot stocks' news!
In another twist to the ongoing saga of Elon Musk’s acquisition of Twitter (NYSE:TWTR), the Tesla (NASDAQ:TSLA) CEO came out publicly to deny claims that former President Trump had encouraged him to acquire the platform. Musk refuted a New York Post article that stated that both Trump and Truth Social CEO Devin Nunes had reached out to him during the negotiations with Twitter. It is unclear as to why Nunes would lie about the claims although it is likely he was trying to piggyback off the publicity to put Truth Social into a better light.
DWAC stock price
In another twist, former Microsoft (NASDAQ:MSFT) CEO Bill Gates has publicly questioned Musk’s motives for acquiring Twitter. The two billionaires have had a recent public feud after Musk revealed a text conversation where Gates admitted to having a short position against Tesla’s stock. Gates flat out said that Musk has a chance of making Twitter much worse, and reiterated his concern with all social media platforms spreading disinformation.
- NASDAQ:DWAC gained 4.31% during Friday’s trading session.
- Elon Musk has now denied that Truth Social ever contacted him with its support.
- Bill Gates has spoken out against Musk’s acquisition of Twitter.
NASDAQ:DWAC posted a small gain to close the week but still ended up losing over 9.0% during the past five trading days. On Friday, shares of DWAC rose by 4.31% and closed the trading session at $47.39. All three major indices closed lower yet again although the results on Friday were much tamer than the losses that were incurred during Thursday’s trading. The Dow Jones posted its sixth consecutive losing week after shedding a further 98 basis points, while the S&P 500 and NASDAQ fell by 0.57% and 1.40% respectively during the session. The NASDAQ posted its fifth consecutive losing week for the first time since 2012.
Stay up to speed with hot stocks' news!
In another twist to the ongoing saga of Elon Musk’s acquisition of Twitter (NYSE:TWTR), the Tesla (NASDAQ:TSLA) CEO came out publicly to deny claims that former President Trump had encouraged him to acquire the platform. Musk refuted a New York Post article that stated that both Trump and Truth Social CEO Devin Nunes had reached out to him during the negotiations with Twitter. It is unclear as to why Nunes would lie about the claims although it is likely he was trying to piggyback off the publicity to put Truth Social into a better light.
DWAC stock price
In another twist, former Microsoft (NASDAQ:MSFT) CEO Bill Gates has publicly questioned Musk’s motives for acquiring Twitter. The two billionaires have had a recent public feud after Musk revealed a text conversation where Gates admitted to having a short position against Tesla’s stock. Gates flat out said that Musk has a chance of making Twitter much worse, and reiterated his concern with all social media platforms spreading disinformation.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.