the truth social network logo is seen on a smartphone in front of a display of former us president donald trump in this picture illustration taken february 21 2022 shares of digital world acquisition corp the specialpurpose acquisition company seeking to take trump media and technology group public slid tuesday after elon musk reversed course and proposed going through with his deal to buy twitter trump media and technology group owns truth social the platform founded by former president donald trump after he was banned from twitter following the jan 6 2021 capitol insurrection musk has previously said he would lift twitters ban on trump after his deal to buy the company closed which could make truth social unnecessary trump had about 80 million followers on twitter on truth social he has more than 4 million shares of dwac slid to around 17 tuesday down about 5 from around 18 before the musk news broke the stock peaked at around 97 in march dwac shareholders will vote monday on whether to extend the deadline for the merger that would take trump media public the deal which has faced legal and financial obstacles lost at least 138 million in private investment after a crucial september deadline passed in a rally on saturday trump indicated his company could move forward without the dwac deal if they dont come with the financing ill have it private trump said to supporters in michigan easy to have it private