Digital World Shares Surge After Launch of Donald Trump’s Truth Social

Digital World Shares Surge After Launch of Donald Trump’s Truth Social
This illustration photo shows a person checking the app store on a smartphone for "Truth Social"—owned by Trump Media & Technology Group—with its website on a computer screen in the background, in Los Angeles, October 20, 2021. Chris Delmas/AFP via Getty Images
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Shares of the Digital World Acquisition Corp., a blank-check company funding a controversial social media venture, have skyrocketed following the release of the company’s flagship app.

The new social media app is a project affiliated with Donald Trump, and its name, Truth Social, bears a striking resemblance to the former president’s surname, consistent with his well-known flair for branding and self-promotion.