From HeadlineUSA.com…
Shares in a company planning to buy Donald Trump’s new social media business plunged Monday on a news report that two key staff members left, deepening losses from last week when it said it would miss a deadline to file its annual financial statements.
Digital World Acquisition Corp. closed Monday down 10% following a Reuters report that the chief technology officer and chief products officer had left the company, citing two anonymous sources.
The price still values the company at more than $2 billion, surprisingly high for a business with virtually no operating history or publicly available financial figures.
It was not immediately clear why the head of technology, Josh Adams, and the product chief, Billy Boozer, decided to leave, but the staff turnover comes at a bad time for the company as it struggles to fulfill the early promise it showed, which drew more than a million Apple Store downloads for its initial launch.
