Investors greenlight Trump's $5.7 billion social media deal

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Digital World Acquisition (DWAC) stock drops on report shareholders approve deal

March 22, 2024 11:27 AM EDT

Shares of Digital World Acquisition Corp (NASDAQ: DWAC) dropped more than 7% Friday after news broke that a preliminary majority of the company's shareholders have voted in favor of merging with Trump Media And Technology Group.

Reuters reported that shareholders have approved a tie-up worth around $6... More