- Digital World Acquisition soared 14% on Tuesday after
Truth Social topped Apple's app store. - The app launched ahead of schedule after its original February date was postponed to the end of March.
- Users of Truth Social were met with glitches and wait-listed shortly after the app's launch.
$4, the blank-check company that plans to merge with Truth Social, surged 14% on Tuesday after the social-media app launched on Monday.
Truth Social, which counts former President
"Due to massive demand, we have placed you on our waitlist. We love you, and you're not just a number to us. But your waitlist number is below," a $4 Users who did create an account were unable to post or see the posts of other Truth Social users as of Tuesday morning.
Truth Social will mark Trump's return to social media after he was banned from various platforms including $4, $4, and $4 after the Capitol riot in 2021.
Truth Social was originally scheduled for a launch sometime in February, but expectations were pushed back after Nunes said the app would be fully operational by the end of March. Monday's release of the app was no doubt a pleasant surprise to Digital World investors.
Shares of Digital World Acquisition soared as much 62% to $137 in Tuesday's premarket
Truth Social represents a new crop of social-media apps that are targeting America's conservative base after years of alleged censorship by larger social-media companies. A special-purpose acquisition company that plans to merge with Rumble, a video-sharing platform with a conservative bent, surged earlier this month $4 with a $100 million offer.