President Biden’s attempt to co-opt former President Trump’s strategy of name-calling opponents hit a roadblock after the presumptive GOP nominee’s social media company stock soared after going public.
Digital World Acquisition Corp. (DWAC) — a SPAC — adjusted its ticker to “DJT” on Tuesday after merging with Trump Media & Technology Group (TMTG), which is led by former House Intelligence Committee Chairman Devin Nunes, R-Calif.
In a recent statement, the Biden-Harris campaign dubbed Trump “Broke Don,” saying, “Trump can’t raise money, isn’t campaigning, and is letting convicts and conspiracy theorists run his campaign,” as the former president dealt with dueling New York court cases and a nine-figure bond within the past few days.
That statement, however, appeared to be mooted with the spike DWAC and later DJT saw on the exchanges in the past 48 hours, with “Outnumbered” co-host Harris Faulkner quipping that Biden “may need to rethink his latest campaign strategy of name-calling.”