DWAC Stock Price: Digital World Acquisition extends gains as users await first post from Trump
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 0.30% during Friday’s trading session.
- Truth Social is losing momentum and Trump himself has yet to post on the site.
- Big tech is stepping up its digital sanctions against Russia.
NASDAQ: DWAC extended its winning streak to seven days as investors fought off downward selling pressure from the broader markets. Shares of DWAC gained 0.30% and closed the trading week at $97.54. It has been a wild ride for DWAC investors, but the ongoing botched launch of Truth Social might be triggering some selling from its shareholders. It also didn’t help that US markets tumbled yet again on Friday, as the Dow Jones fell by 179 basis points to record its fourth consecutive losing week. The S&P and NASDAQ also dropped by 0.79% and 1.66% respectively, as the situation in Ukraine overshadowed a better than expected jobs report for the month of February.
Stay up to speed with hot stocks' news!
Truth Social has been live for two weeks now and while the platform hit number one Apple’s app store downloads, user complaints have risen as well. First, the wait list remains as a major barrier for users to get access to the app. Second, recycled content and fake profiles have had some users questioning the legitimacy of the site. Finally, it has been revealed that President Trump himself has yet to even post on the site, despite heavily advocating for it over the past few months.
DWAC stock forecast
The situation in Ukraine has forced the hand of US big tech companies to issue their own digital sanctions on Russia. Companies like Meta Platforms (NASDAQ: FB) and Twitter (NYSE: TWTR) have already stepped up to stop the spread of disinformation. Meanwhile companies like Alphabet (NASDAQ: GOOGL) and Apple (NASDAQ: AAPL) are locking Russia out of sites like Google Search, Google Maps, and Apple Maps. Other companies involved include Microsoft (NASDAQ: MSFT), AirBNB (NASDAQ: ABNB), and Snap (NYSE: SNAP).
Like this article? Help us with some feedback by answering this survey:
- NASDAQ: DWAC gained 0.30% during Friday’s trading session.
- Truth Social is losing momentum and Trump himself has yet to post on the site.
- Big tech is stepping up its digital sanctions against Russia.
NASDAQ: DWAC extended its winning streak to seven days as investors fought off downward selling pressure from the broader markets. Shares of DWAC gained 0.30% and closed the trading week at $97.54. It has been a wild ride for DWAC investors, but the ongoing botched launch of Truth Social might be triggering some selling from its shareholders. It also didn’t help that US markets tumbled yet again on Friday, as the Dow Jones fell by 179 basis points to record its fourth consecutive losing week. The S&P and NASDAQ also dropped by 0.79% and 1.66% respectively, as the situation in Ukraine overshadowed a better than expected jobs report for the month of February.
Stay up to speed with hot stocks' news!
Truth Social has been live for two weeks now and while the platform hit number one Apple’s app store downloads, user complaints have risen as well. First, the wait list remains as a major barrier for users to get access to the app. Second, recycled content and fake profiles have had some users questioning the legitimacy of the site. Finally, it has been revealed that President Trump himself has yet to even post on the site, despite heavily advocating for it over the past few months.
DWAC stock forecast
The situation in Ukraine has forced the hand of US big tech companies to issue their own digital sanctions on Russia. Companies like Meta Platforms (NASDAQ: FB) and Twitter (NYSE: TWTR) have already stepped up to stop the spread of disinformation. Meanwhile companies like Alphabet (NASDAQ: GOOGL) and Apple (NASDAQ: AAPL) are locking Russia out of sites like Google Search, Google Maps, and Apple Maps. Other companies involved include Microsoft (NASDAQ: MSFT), AirBNB (NASDAQ: ABNB), and Snap (NYSE: SNAP).
Like this article? Help us with some feedback by answering this survey:
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.