the share price of the company backing president donald trumps new social media venture soared to start the trading day tuesday reaching its highest point since october in the first trading day since the rollout of trumps truth social platform began shares of digital world acquisition corp dwac reached an intraday high of 99 shortly after the markets opened tuesday—up more than 17 from fridays close dwac a special purpose acquisition company plans to merge with a new firm called the trump media and technology group to take the media company public the prices early tuesday were the highest the stocks reached since an october frenzy where the stock traded for as much as 175 after plans were announced for trumps new social media platform and the merger the share price cooled a bit early tuesday afternoon to around 91 which was still up more than 7 from friday while the sp 500 traded lower trumps longawaited social media platform went online monday in a glitchfilled launch which doesnt appear to have resolved yet many trying to sign up for the app were put on a waitlist that had grown to more than 400000 by tuesday morning while others were stymied by constant error messages a source with knowledge of the rollout told fox business the platform plans to take 10 days to populate itself with those who preordered the app which will become fully operational by the end of the quarter several prominent rightwing figures including fox news host sean hannity and rep marjorie taylor greene rga were able to access the platform immediately after it launched what to watch for dwac is under investigation by the securities and exchange commission according to the new york times regulators are reviewing whether the company illegally held talks with trump before it went public in september glitchy start for trump’s ‘truth social’ app as thousands end up on waitlist forbes sean hannity marjorie taylor greene join trump’s new app truth social as public struggles to sign up for platform forbes