At least two hedge funds sold their stakes in Digital World Acquisition Corp. after that SPAC firm announced plans to merge with former President Donald Trump's planned social media platform.

DWAC had opened the trading day at $44.20 per share, but quickly tumbled on the heels of the vote. By the market close, DWAC shares were selling for $36.94 per share, a drop of $5.87, or 13.71%. The ...

Donald Trump on Saturday told his many online followers, "I LOVE TRUTH SOCIAL" — but shareholders in the newly merged company that will own that social media app might not feel so great after a sharp ...