Stock tied to Trump social firm drops on report of turmoil

By BERNARD CONDON and TALI ARBEL
Associated Press

NEW YORK (AP) — Shares in a company planning to buy former President Donald Trump’s new social media business have plunged 10% on a news report that two key executives have departed. The report by Reuters follows a filing by Digital World Acquisition Corp. that it will miss a key deadline to file its annual financial statements. The news has added to worries about Trump’s Twitter rival, called Truth Social, after a February launch of the app was marred by outages and long wait lists to gain access. The shares have fallen by more than a third since then.