- NASDAQ:DWAC gained 3.31% during Tuesday’s trading session.
- Truth Social users may already be losing interest in the platform.
- The botched launch of the platform could mean long-term irrelevance.
NASDAQ:DWAC managed to keep its head above water on Tuesday, despite global markets tumbling as Russia’s attack on Ukraine intensifies. Shares of DWAC added 3.31% and closed the trading session at $95.10. It is still an inflated price for a pre-merger SPAC stock, as it is trading nearly ten times the NAV price of $10. US markets tumbled after oil prices surged to a seven-year high price of $106 per barrel. The Dow Jones dropped by 597 basis points, the S&P 500 fell by 1.55%, and the tech-heavy NASDAQ erased previous day gains and lost 1.59% during the session.
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Truth Social officially launched on February 21st, but…