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Replace 10:18am: Updates shares.
Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Trump’s social media firm public soared 22% after Google (GOOG) authorised the Fact Social app for its Play retailer.
The Fact Social app appeared for the primary time in Google’s Play Retailer on Wednesday after it was first launched in Apple’s App retailer in February.
The Google Play information comes after it was reported in late August that Google (GOOGL) hadn’t authorised Trump’s Fact Social app through its Play Retailer on account of inadequate content material moderation. The Fact Social app has been accessible in Apple’s App Retailer since Feb. 21. Final week The Fact Social Android app confirmed up in Samsung’s Galaxy Retailer app market.
Whereas the information is a optimistic step for the Fact Social app, the previous President presently has 4.2 million followers on the social media platform, a far cry from the 80 million or so he had earlier than hew was kicked off Twitter (TWTR) final 12 months. Some traders worry that Trump could have a tough timing turning down a possible supply from an Elon-Musk led Twitter to return to the social media big.
Digital World (DWAC) on Monday adjourned a holder vote on an extension for the deal to take Trump’s social media firm public till Nov. 3 because it tries to achieve extra shareholder approval for the deal.
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