By Dhirendra Tripathi
Investing.com – Shares of Digital World Acquisition Corp (NASDAQ:DWAC), the SPAC that is taking Donald Trump’s new media company public, traded 4.3% higher in premarket Wednesday as video distribution platform Rumble agreed to stream content from trump’s new media company, Truth Social.
Trump has been off social media as both Meta-owned Facebook (NASDAQ:FB) and his then favorite, Twitter (NYSE:TWTR), banned him from their platforms for his role in inciting the January 6 Capitol riot, an incident that is still the subject of a Congressional inquiry. Since then, Trump has been exploring ways to restore his once-sizable social media presence.
According to a Trump Media release, Rumble may also provide infrastructure and video delivery services for its subscription video on-demand product, TMTG+.
Rumble, which claims to be a neutral platform, is merging with CF Acquisition Corp VI (NASDAQ:CFVI), a special purpose acquisition company like DWAC. CF Acquisition stock traded 11% higher in premarket.
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