Why Digital World Acquisition Shares Are Falling After Ongoing Twitter Takeover Talks

Digital World Acquisition Corp (NASDAQ:DWAC) shares are trading lower by 13.40% at $35.51. Weakness in the name appears to be related to the ongoing talks between Twitter and Elon Musk as Twitter Inc (NYSE:TWTR) is reportedly considering Musk’s offer to buy the company.

Earlier this month, Musk offered to buy Twitter for $54.20 per share. Twitter initially put measures in place to fight back against a potential hostile takeover, but the social media company has reportedly become more receptive to an offer… Read More

Digital World Acquisition Corp. is a special purpose acquisition company taking social media platform Truth Social public.

According to data from Benzinga Pro, Digital World Acquisition has a 52-week high of $175.00 and a 52-week low of $9.84.

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