The shares of the SPAC behind Trump's social media company jumped 200%
The share price of a special purpose acquisition company that plans to merge with a media group connected to former President Donald Trump nearly quadrupled on Thursday, following an announcement late Wednesday night that Trump planned to launch a new social media company.... [+]Shares of the Digital World Acquisition SPAC were trading at $39.39 early Thursday afternoon—more than 295% higher than the price on Wednesday.
Digital World Acquisition Corp. was the Fidelity platform’s most actively traded stock on Thursday, with “buy” orders outnumbering “sell” orders nearly three to one.
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