Digital World Stock Pops as Truth Social Wins Google Play Store Approval
October 12 2022 - 05:14PM
Dow Jones News
By Will Feuer
Shares of the special-purpose acquisition company that is trying
to merge with former President Donald Trump's social-media company
popped after Google approved the Truth Social app for listing in
the Google Play Store.
Shares of the SPAC, Digital World Acquisition Corp., jumped 9%
to $17.40 in after-hours trading Wednesday.
The Twitter Inc.-like Truth Social app has for months been
available in Apple Inc.'s app store, but millions of smartphone
users in the U.S. rely on Alphabet Inc.'s Google Android operating
system. For Android users, the Google Play Store is the main way to
download and access apps.
The app was seen available for pre-registration in Alphabet
Inc.'s Google Play Store Wednesday evening. A Google spokesperson
didn't immediately return the Journal's request for comment. Axios
first reported on Google's approval of the app.
For months, the Truth Social app has been unavailable on the
Google Play Store because Google had previously found several
violations of standard policies in the app's application for
listing. Google also previously said that having effective
content-moderation systems is a condition of the Google Play Store
terms of service.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
October 12, 2022 16:59 ET (20:59 GMT)
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