Posted on 10/21/2021 9:04:03 AM PDT by SmokingJoe
KEY POINTS The stock price of SPAC company Digital World Acquisition Corp. rocketed up more than 100% in trading after news of a merger that would launch former President Donald Trump's planned social media platform. Trump said he would roll out the platform called "TRUTH Social," which he claimed will "stand up to the tyranny of Big Tech." DWAC was incorporated as a special purpose acquisition company shortly after Trump lost a re-election bid against President Joe Biden. DWAC was among the top 10 most popular names on Reddit's WallStreetBets chatroom, even exceeding meme stock GameStop's mentions.
The stock price of SPAC company Digital World Acquisition Corp. rocketed up more than 100% in extremely heavy trading volume Thursday morning after news of a merger that would launch former President Donald Trump's planned social media platform.
Digital World Acquisition was the single most actively traded stock on the Fidelity platform Thursday, and was by far the most traded stock on the consolidated tape of New York Stock Exchange and Nasdaq listings.
Buy orders for DWAC — a so-called special purpose acquisition company set up to raise capital in the public markets to purchase private firms — outnumbered sell orders by nearly three-to-one on Fidelity's platform.
Just two hours into the trading session, more than 210 million shares of DWAC had already changed hands, according to FactSet.
In comparison, SPY, the exchange-traded fund that tracks the S&P 500, only had traded about 12 million shares around the same time.
At its session high, the company's share price had risen 101% to hit $20.05 per share. Soon after, the price drifted down somewhat but was still up 86%.
(Excerpt) Read more at -cnbc-com.cdn.ampproject.org ...
Except that Trump did not lose.
He was winning by a landslide at 10PM - I was wondering why they had not called it for him.
Then they started closing polling in 4 states.
Suddenly, at 4AM, those same 4 states had an influx of millions of votes for Biden...
Up 143% just now.
The election was a scam on so many levels
Correct.
This is a major step toward correcting the steal.
You can’t fight and win a war unless you can communicate with your troops.
$29.61 19.44 191.15%
bookmark
They just halted trading on this security.
$26.81 16.64 163.62%
Crazy that there is roughly 36 million shares!
You can’t fight and win a war unless you can communicate with your troops.
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Command, control and communications. :)
Crazy that there is roughly 36 million shares!
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The VOLUME is 271 million at the moment.
Yes, it just let me buy again...don’t know why they halted it, but it was only for a few minutes, because I bought some, sold some other stock and then tried to buy more and it was halted. But it just let me purchase more, so I’m good now.
I bought DWAC this morning.
I consider my purchase to be a contribution to the MAGA movement.
Bttt.
5.56mm
“””This is a major step toward correcting the steal. You can’t fight and win a war unless you can communicate with your troops.”””
Amen.
FReepers have been asking Trump to create his own social media network for months.
Now has come that opportunity to be a part of something very big.
He was winning by a landslide at 10PM - I was wondering why they had not called it for him.
Then they started closing polling in 4 states.
Suddenly, at 4AM, those same 4 states had an influx of millions of votes for Biden..."
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Like you I remember. Propaganda is powerless against an inquisitive mind.
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