The Daily Chase: Cocoa hits record high [BNN Bloomberg (Canada)]
Digital World Acquisition Corp. - Units (DWACU)
Company Research
Source: BNN Bloomberg
always wanted to put their money where Donald Trump's mouth is, as his social media company, Truth Social, is set to go public on the Nasdaq today. It's not an IPO but instead will happen by being taken over by a SPAC; Digital World Acquisition Corp., the shares of which rose by 30 per cent at one point in premarket trading on Tuesday. Shares in DWAC will convert to their new ticker symbol DJT at some point today. If those gains hold through the day, they'll give the former U.S. President a US$6 billion paper gain on his stake and US$275 million in usable cash for the money-losing company. Julian Klymocho, CEO of Accelerate Financial Technologies told Bloomberg the company is destined to be “the mother of all meme stocks” but like any stock, its price can only defy gravity for so long before fundamentals start to matter. Expect a bigly day on the market for this one either way. Cocoa prices hit record high: There's bad news for the Easter Bunny as the price of cocoa has hit a record
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