Several tech-savvy journalists found the medium on social media and created fake profiles for both former US President and former Vice President Mike Pence.
The hack took place within two hours of Donald Trump announcing the creation of the social networking medium, which will be released in early 2022.
According to Daily Dot journalist Mikael Thalen, the site's url was soon taken offline. At the same time, the fake account of journalist Drew Harwell was closed within an hour.
According to what has become known, the plans for the new company envisage its listing on the stock exchange through a merger with Digital World Acquisition, a Special Purpose Acquisition Company (SPAC), which was listed on Wall Street only last September.
Following the announcements of the former American president, the share of Digital World Acquisition Corp indulged in a frantic stock market "rally". According to CNBC, the share of DWAC was found to rise up to 400% during today's session. The explosive change in its price even resulted in the interruption of trading several times during the day.
Trump's social network TRUTH Social has a rule banning "excessive use of capital letters": https://t.co/oeKykENxV7
- Drew Harwell (@drewharwell) October 21, 2021
Digital World Acquisition was the share with the largest trading volume on the Fidelity platform, but also on the NYSE and Nasdaq stock exchanges (it has chosen the double subscription). The buy orders were three times more than the shares sold on Fidelity.
By early afternoon, more than 360 million DWAC shares had already changed hands.