Shares of Digital World Acquisition Corp.,
DWAC,
the special-purpose acquisition company planning to take former President Donald Trump’s media-ventures company public, jumped 10% after Axios reported that Truth Social, Trump’s social media platform, received approval from Google for distribution on its Google Play Store. Axios noted that nearly half of smartphone users in the U.S. use Google’s Android platform, and said Truth Social “had to commit to enforcing its own website policies that forbid things like inciting violence.” The approval follows a launch of a platform that has run into technical glitches, legal issues and challenges related financial matters and user engagement.
