Shares of Digital World Acquisition (NASDAQ: DWAC) climbed 10% on Tuesday after former President Donald Trump's new social media app debuted on Apple's App Store. Digital World is a special purpose acquisition company (SPAC) that intends to merge with Trump Media & Technology Group. The combined company plans to take on the likes of Meta Platform's Facebook and Twitter with Truth Social, a social media platform Trump says will "stand up to the tyranny of Big Tech." Read More...
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Block Earnings Are Coming; Here’s What Matters
Is now the best time for a previous high-flying digital payments growth name to deliver a quarterly report? Possibly not, considering the market’s adverse reaction to such stocks this earnings season. However, that’s what Block (SQ) will do this Thursday (Feb 24). But maybe the fact peers such as PayPal and Affirm have disappointed means the bar is lowered somewhat, says RBC’s Daniel Perlin. Plus, the stock is down by 60% since the prior report, and as such, Perlin believes the “expectations hur
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