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Former President Donald Trump is clearly seething at his indictment by a Manhattan Grand Jury over the Stormy Daniels hush money case — but that does not seem to have impacted the stock price of a social media company linked to him.
What Happened: Trump, in the wee hours of Friday, took to Truth Social and posted, “WHERE’S HUNTER?” — seemingly a reference to Hunter Biden, the son of President Joe Biden, who Trump has accused of many misdemeanors while his father was in office.
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Social Surge: Shares of Digital World Acquisition Corp DWAC, a blank-check company expected to merge with Trump’s Truth Social, spiked as much as 11.7% in after-hours trading and was last up nearly 10% at $14.35.
The Context: Ahead of the 2020 Presidential Election results, Facebook and Twitter sparked a row by restricting a New York Post story about the younger Biden introducing his father to a Ukrainian businessman while he was still the vice president — based on email and data extracted from a laptop left at a Delaware repair shop.
Trump alleged the FBI buried the story before the election, realizing that if it wasn’t done before the election, he would have “easily won” the election. The former president has also alleged Hunter Biden of using his position of influence to secure the financial backing of China for his investments, although the latter has denied any wrongdoing.
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Image and article originally from www.benzinga.com. Read the original article here.