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Trump’s Iowa win helps fuel big surge in stock of SPAC buying Truth Social (DWAC is UP 25% today so far)
MarketWatch ^ | 01/16/24 | Tomi Kilgore

Posted on 01/16/2024 12:10:22 PM PST by Eccl 10:2

Shares of the special-purpose acquisition company that has agreed to buy Donald Trump’s media company shot up to a six-month high in active trading Tuesday, as the former president cleared his first hurdle to becoming the 2024 Republican nominee.

Digital World Acquisition Co.’s stock DWAC, +23.56% rallied 18.5% in afternoon trading. It was headed for the biggest one-day gain since it soared 50.3% on July 21, 2023, after the SPAC settled fraud charges.

Trading volume ballooned to 4.1 million shares, compared with the full-day average over the past 30 days of about 161,250 shares.

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


TOPICS: Business/Economy; Government; Politics/Elections; US: Iowa
KEYWORDS: digitalworldacquisit; dwac; iowa; trump; truthsocial
DWAC becoming a financial proxy for Trump re-election chances
1 posted on 01/16/2024 12:10:22 PM PST by Eccl 10:2
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To: Eccl 10:2

Rumble also up 16%

They provide cloud , video and ad services for TS


2 posted on 01/16/2024 12:13:22 PM PST by janetjanet998 (Legacy media including youtube are the enemy of the people and must die)
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To: Eccl 10:2

oooooooh doggiee! I am lovin’ the jump


3 posted on 01/16/2024 12:14:46 PM PST by spacejunkie2001
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To: Eccl 10:2

Meatball needs to drop out and stop being a butthole


4 posted on 01/16/2024 12:14:49 PM PST by NWFree (Sigma male 🤪)
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To: Eccl 10:2

DWAC is becoming a target for the Brandon Administration and the Securities and Exchange Commission.


5 posted on 01/16/2024 12:24:39 PM PST by packagingguy
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To: packagingguy

that ship has sailed and we’ve come out of the storm. SEC is not our problem and merger announcement is imminent!


6 posted on 01/16/2024 12:26:16 PM PST by spacejunkie2001
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To: Eccl 10:2

Bet someone investigates or prosecutes him for this.


7 posted on 01/16/2024 12:28:03 PM PST by Steely Tom ([Voter Fraud] == [Civil War])
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