Trump SPAC Digital World dips on report Truth Social isn't paying Web vendor

Aug. 25, 2022 1:50 PM ETDigital World Acquisition Corp. (DWAC)By: Jason Aycock, SA News Editor275 Comments

Donald Trump Holds Campaign Rally In Mobile, Alabama

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  • Digital World Acquisition (NASDAQ:DWAC), the blank-check company behind Donald Trump's Truth Social network, has taken an afternoon dip alongside a report that one key vendor isn't getting paid for service.
  • RightForge says Truth Social stopped making contractually obligated payments for Web hosting services months ago, leading to payables of $1.6M, Fox Business reports.
  • Digital World Acquisition has slipped 4.4% midafternoon Thursday on a volume spike.

This was corrected on 09/05/2022 at 10:43 AM. The headline was edited to clarify that it is Trump Media's Truth Social that is accused of withholding payment to a vendor.

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