Donald Trump says he’ll ‘probably’ pursue a third presidential run. He dropped the rather definitive hint at a rally last week. In response, shares of the shell company Digital World Acquisition Corp. tied to Truth Social meaningfully increased in value for the first time in months. At market open on Monday, DWAC’s value instantly climbed about 25%, before falling slightly.
Referencing running for president, Trump said he would “very, very, very probably do it again,” at an Iowa rally on Nov 3. Then two days later, while Campaigning for Dr. Oz and Doug Mastriano in Pennsylvania, he again hinted at a coming, big announcement. An official declaration of a third presidential run could come as soon as Nov 14, according to a report from Axios.Before this rapid-fire succession of 2024 presidential bid allusions though, DWAC and Truth Social were not doing well. DWAC launched as a publicly traded company last year, with the intent of acquiring and funding Truth and the broader Trump-affiliated media company, Trump Media & Technology Group (TMTG). Through the acquisition, the media group and social platform would be sheltered from many of the transparency and reporting disclosures necessary to get a company on the stock market.
