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Daily Poll: Thanos snap in real life.
Two stocks linked to Donald Trump plunged on Tuesday shortly after the ex-president detailed plans for one of the companies, and the other firm said it would sell additional shares to raise capital.
$Digital World Acquisition Corp (DWAC.US)$ ’s share price skidded nearly 30% Tuesday to close at $59.07 apiece. And tiny advertising software start-up $Phunware (PHUN.US)$ tanked almost 40% to $4.35.
On Tuesday, an hour before trading began, Trump issued a lengthy statement about his plans for the new social media app he intends to roll out and other aspects of his new company.
“To take on Big Tech censorship, we are creating a ‘Big Tent’ platform: Truth Social,” Trump said. “We are inviting people of all political stripes, and all different viewpoints, to come and participate once again in the great American debate. That’s what our country is supposed to be about.”
“Unlike with the Big Tech platforms, there will be no shadow-banning, throttling, demonetizing, or messing with algorithms for political manipulation,” he added.
“To take on Big Tech censorship, we are creating a ‘Big Tent’ platform: Truth Social,” Trump said. “We are inviting people of all political stripes, and all different viewpoints, to come and participate once again in the great American debate. That’s what our country is supposed to be about.”
“Unlike with the Big Tech platforms, there will be no shadow-banning, throttling, demonetizing, or messing with algorithms for political manipulation,” he added.
Also Tuesday, $Phunware (PHUN.US)$ said it will sell up to 5.6 million additional shares “at the market offering,” which would bring its total stock outstanding to nearly 90 million, the company said in a regulatory filing Tuesday.
Despite the plunge in $Digital World Acquisition Corp (DWAC.US)$ and $Phunware (PHUN.US)$ on Tuesday, we can still see huge gain in their stock price since last week.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Trump 2.0 Era: How will global markets evolve?
🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context,
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Rocket Man : As usual. This is a dump and pump. Distraction by hedge funds. Just don be a bag holder.
Venture118 : Super bull … little head without brain
lar … just charge whenever wherever looks delectable 
Upncoming1841 : A social media platform with no censorship will be prone to lawsuits for spreading hate, fear, lies, triggering crimes etc. If racist groups start using Thump's new social media platform, no company will advertise on it. Then where is the revenue stream? Thus far, I am not convinced if the financial viability of this social media venture. Predict the share will continue to get shorted.
Lucky Heng Rocket Man : nothing new , had always been
CheMa2010 :
gabzz :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Ryan Hg : Full of crap with no real value
ktts : Good
Hanuman : Who got trapped?
Student_investor_22 : PHUN, the company is independent from Trump compared to the other company. trump just increased the company's exposure to media, making it more known.