Digital World Acquisition Corp., seeking to take Truth Social public via a SPAC, fails to gain shareholder approval and sets an October 10 deadline for a vote (Jack Stebbins/CNBC)

Julian Mark / Washington Post:
Digital World Acquisition Corp. says investors voted to extend the deadline to merge with Truth Social to September 2023, pending an investigation by regulators  —  The move by shareholders of the company that would merge with Trump Media & Technology Group buys time as regulators investigate the proposed deal.

Mark Niquette / Bloomberg:
Donald Trump says he sees “a lot of problems at Twitter”, doesn’t see any reason to return, and plans to stick to Truth Social  —  Donald Trump said he sees “a lot of problems at Twitter” and will stick to his own social-media platform, offering an initial response to Elon Musk’s poll …

New York Times:
After a slow start, Donald Trump’s Truth Social has passed Gab, Parler, and other right-wing social media in unique visitors, largely due to Trump posting  —  The right-wing social network faces two federal investigations and an uncertain financial future.  But it has still managed to outpace its rivals.

Washington Post:
Sources: Donald Trump tells allies that he can’t leave Truth Social for Twitter because he’s propping it up and doesn’t want the brand to collapse  —  The former president has told his allies that he can’t leave his Twitter clone because he’s propping it up, and he doesn’t want a site so closely associated with his brand to collapse.

Alex Harring / CNBC:
LGBTQ dating app Grindr closed up 213.84% at $36.50 per share in its NYSE debut under the new ticker GRND following its SPAC merger  —  – Grindr surged in trading Friday in its first day under a new ticker following its merger with blank-check company Tiga.

Malathi Nayak / Bloomberg:
Donald Trump’s lawyer says a lawsuit against Twitter over banning his account is ongoing and Trump does not plan to withdraw the appeal, complicating his return  —  Elon Musk has tweeted that Donald Trump will be reinstated on Twitter, but the former president isn’t backing down in his legal fight …