Shares tumble in blank-check company linked to Trump social venture

FILE PHOTO: Former U.S. President Donald Trump speaks during a rally at the Iowa States Fairgrounds in Des Moines, Iowa, U.S., October 9, 2021. REUTERS/Rachel Mummey

(Reuters) - Shares in Digital World Acquisition Corp, the blank-check company that plans to publicly list former U.S. President Donald Trump's new social media venture, were on track for their second straight day of losses on Tuesday after a staggering rally last week.

The stock was last down 17.7% at $69.00 with trading ranging between $65.37 and $91.35 so far in the session. Its shares gained more than 800% last week.