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Trump-linked SPAC stock soars over 200 percent amid social media deal
New York Post ^ | October 21, 2021 12:44pm | Will Feuer

Posted on 10/21/2021 10:32:02 AM PDT by Presbyterian Reporter

New York Stock Exchange-listed shares of Digital World Acquisition Corp. — the special purpose acquisition company that announced Wednesday evening it will merge with former President Donald Trump’s new social media firm — soared more than 200 percent Thursday.

DWAC’s stock price began trading Thursday at $12.73 per share and reached as high as $33.44, up more than 200 percent, by 1:00 p.m. ET.

Shares of the company were halted for volatility at noon, with the stock up more than 134 percent. Shares were last seen trading at $31.55, up more than 210 percent.

Trump’s newly formed company, Trump Media & Technology Group, announced Wednesday evening that it plans to merge with DWAC and take its place on the public markets.

TMTG said it will roll out a new social network, dubbed TRUTH Social, which is set to launch in beta for “invited guests” next month and come online nationwide in the first three months of 2022.

(Excerpt) Read more at nypost.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: 2022election; 2024election; dwac; election2022; election2024; presidenttrump; socialmedia; spac; stock; tmtg; trump; truthsocial
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For al long time FReepers have been begging Trump to create his own social media company. Well here it is!!!!!

DWAC DIGITAL WORLD ACQUISITION CORP CLASS A COM $38.0455+28.0855 (+281.98%)

1 posted on 10/21/2021 10:32:02 AM PDT by Presbyterian Reporter
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To: Presbyterian Reporter

Trump’s a Winnah

As long as the game ain’t crooked


2 posted on 10/21/2021 10:33:17 AM PDT by Regulator (It's fraud, Jim)
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To: Presbyterian Reporter

Yeow-suh!


3 posted on 10/21/2021 10:35:07 AM PDT by Huskrrrr (Alinsky, you magnificent Bastard, I read your book!)
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To: Presbyterian Reporter

Up 316% now


4 posted on 10/21/2021 10:35:34 AM PDT by frogjerk (I will not do business with fascists)
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To: Presbyterian Reporter

Halted again at $41.49, up 316%. Wow!


5 posted on 10/21/2021 10:36:33 AM PDT by Perseverando (Antifa, BLM, RINOs, Islamonazis, Marxists, Commucrats, DemoKKKrats: It's a Godlessness disorder!)
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To: Presbyterian Reporter

It is amazing they were able to keep this quiet until trading started last night at 7:30pm EDT.

BTW the early birds got in at $10.43.


6 posted on 10/21/2021 10:37:28 AM PDT by Presbyterian Reporter
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To: Presbyterian Reporter

I’d feel better if their CEO, Patrick Orlando, hadn’t also been CEO of Yunhuong, a Chinese company located in Wuhan, China.


7 posted on 10/21/2021 10:38:01 AM PDT by livius
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To: Presbyterian Reporter

As a person who has never bought stock before, could someone here please be so kind as to tell me where I can buy this stock?

I’m very excited about President Trump’s coming network and would like to invest into it now.


8 posted on 10/21/2021 10:38:48 AM PDT by Southnsoul
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To: Perseverando

huge volume being traded

Volume
360,035,265


9 posted on 10/21/2021 10:39:36 AM PDT by Presbyterian Reporter
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To: Presbyterian Reporter

Here comes the next GameStop. Trading has been halted. Here is what may happen. Trump comes out and says the system is rigged and all Hell is going to break loose.


10 posted on 10/21/2021 10:41:14 AM PDT by frogjerk (I will not do business with fascists)
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To: Presbyterian Reporter

So, how long before the independent Domain Name companies refuse to host Trump’s TRUTH domain name?

How long before Google misdirects any searches for TRUTH?

How long before banks and credit card companies stop processing payments for TRUTH?

How long before SJWs target advertisers on TRUTH?

And finally, how long before the Federal Elections Commission consider TRUTH to be an in-kind donation to the 2024 Trump Presidential campaign?


11 posted on 10/21/2021 10:41:23 AM PDT by Yo-Yo (is the /sarc tag really necessary?)
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To: Southnsoul

“””As a person who has never bought stock before, could someone here please be so kind as to tell me where I can buy this stock?”””


Go to a broker like Schwab or Fidelity. If you have never traded before it is best that you actually give them a call to hhave them help you create the account and to place orders.


12 posted on 10/21/2021 10:43:28 AM PDT by Presbyterian Reporter
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To: Presbyterian Reporter

48.55 USD +38.59 (387.45%)today


13 posted on 10/21/2021 10:43:46 AM PDT by conservative98
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To: Yo-Yo

I’m sure Trump I’d indebted to you for pointing out all these things that he’s never thought of before investing his own money. /s


14 posted on 10/21/2021 10:45:27 AM PDT by bigbob
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To: Southnsoul

You’ll need to open a brokerage account somewhere.
My latest issue of Kiplingers ranked Fidelity and Schwab as the top two.

It’s stock symbol DWAC traded on the NASDAQ


15 posted on 10/21/2021 10:45:43 AM PDT by nascarnation (Let's Go Brandon!)
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To: conservative98

soaring volume

Volume
374,390,979

I do not know what the record is for the most shares traded in one day, but DWAC might be close to being a new record.


16 posted on 10/21/2021 10:46:36 AM PDT by Presbyterian Reporter
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To: Presbyterian Reporter
Double that now:

$56.86 46.69 459.10%

17 posted on 10/21/2021 10:46:37 AM PDT by Robert DeLong
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To: Robert DeLong

Is that DWACU??? I am only showing

DWAC
DIGITAL WORLD ACQUISITION CORP CLASS A COM
$48.555+38.595 (+387.50%)


18 posted on 10/21/2021 10:49:57 AM PDT by Presbyterian Reporter
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To: Presbyterian Reporter

Trading stopped again. Like the early morning ballot counting.


19 posted on 10/21/2021 10:50:03 AM PDT by frogjerk (I will not do business with fascists)
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To: frogjerk
Those are normal circuit breakers on the market. This happens and is part of the process. DWAC is under NASDAQ, here are the limits:


20 posted on 10/21/2021 10:55:45 AM PDT by Theoria
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