What's Going On With Trump SPAC Digital World (DWAC) Today?

Digital World Acquisition Corp DWAC shares are trading lower Wednesday following reports suggesting former President Donald Trump is petitioning Meta Platforms Inc META to unblock his Facebook account.

What To Know: According to a NBC News report, Trump's campaign is formally petitioning Meta to unlock his Facebook account which was blocked following the U.S. Capitol riots in early 2021. 

"We believe that the ban on President Trump’s account on Facebook has dramatically distorted and inhibited the public discourse," Trump’s campaign reportedly wrote in a letter to Meta on Tuesday, per a copy seen by NBC News.

Both Facebook and Twitter blocked Trump from using their platforms just one day after a group of his supporters stormed the Capitol, but Trump has since regained control of his Twitter account. 

Last month, the House of Representatives Jan. 6 committee, responsible for investigating the Jan. 6 attack, voted unanimously to recommend the Department of Justice investigate the former President on four referrals.

Check This Out: Jan. 6 Committee Refers Donald Trump To Face Criminal Prosecution On 4 Counts: What You Need To Know

Digital World is a SPAC set to merge with the former president's Trump Media & Technology Group, which is behind the Truth Social app. Trump has just under 5 million followers on Truth Social, but he has more than 87.5 million on Twitter and approximately 34 million on Facebook. 

DWAC Price Action: Digital World has a 52-week high of $101.87 and a 52-week low of $14.80.

Digital World shares are down 7.37% at $16.08 at the time of writing, according to Benzinga Pro.

Photo: Gage Skidmore from Flickr.