Digital World Acquisition Corp. (NASDAQ: DWAC) — the former president’s SPAC partner that of Donald Trump social media startup – became the most discussed action on Reddit r/WallStreetBets forum on Tuesday morning.

What happened: Exchange Traded Fund SPDR S&P 500 ETF Trust (NYSE:SPY) is seeing the most interest on the forum with 280 mentions at press time, according to data from Quiver Quantitative.

Digital World Acquisition and manufacturer of electric vehicles Tesla Inc. (NASDAQ: TSLA) occupy the second and third positions, having attracted 70 and 58 mentions respectively.

See also: 5 things you might not know about Devin Nunes, CEO of Trump Media & Technology Group

why is it important: DWAC sparks strong interest on the forum after the launch of Trump’s new social media app, Truth Social Apple Inc. (NASDAQ: AAPL) App Store Sunday.

It has been reported that the app – created by Trump Media and Technology Group (TMTG) – experienced a “partial outage” just hours after launching on the App Store.

Trump unveiled his plans for the app in October, after being banned from social media platforms Twitter Inc.. (NYSE: TWTR), Meta Platforms Inc. (NASDAQ: FB) Facebook and Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube following the January 6, 2021 riots on Capitol Hill.

price action: Digital World shares closed nearly 1.4% lower in Friday’s regular trading session at $84.32 and fell another nearly 1% in the after-hours session at 83 $.50.

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Photo: Courtesy of Gage Skidmore via Flickr