Why Digital World Acquisition (DWAC) And Rumble (RUM) Shares Are Trading Higher

Digital World Acquisition Corp. DWAC and Rumble Inc RUM shares are trading higher Monday afternoon after conservative media peer FOX News announced it was parting ways with Tucker Carlson.

So What Happened?

Our Benzinga team on Monday reported the announcement comes amidst the fallout from the network's recent $787.5 million settlement with Dominion Voting Systems over false allegations of fraud related to the 2020 election.

Fox News released a statement saying, "FOX News Media and Tucker Carlson have agreed to part ways. We thank him for his service to the network as a host and prior to that as a contributor.”...Read More

According to data from Benzinga Pro:

• DWAC is trading higher by 1.76% to $13.20
• RUM is higher by 4.26% to $9.05