At a rally in Florida on Sunday, Trump said of the 2024 presidential election, “I’ll probably have to do it again, but I’m looking forward to it,” according to The New York Times. Trump’s team is discussing the possibility of launching the 2024 election campaign on Nov. 14, according to a report from Axios.
Digital World is a SPAC that will be integrated with Trump’s Truth social media platform if it gets enough shareholder votes. The shareholder vote he has postponed until November 22nd, and if he doesn’t get enough votes later this month, SPAC may delay the vote until December 8th.
If SPAC fails to get enough shareholder votes to merge with Truth Social, it will be forced to fold and return the funds raised to its investors.
The Digital World has had a tumultuous year, with the stock down 66% year-to-date and down nearly 80% from its 52-week high. SPAC has suffered primarily due to uncertainty over whether it will be able to complete its merger with Truth Social, as well as Twitter’s new ownership.
And if Trump is allowed to return to Twitter, the appeal of alternative social media platforms could lose its luster for both Trump and investors.