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0 0.00187760370826728 0.00176025347650052 0.00246435486710079 0.000410725811183437 0.00181892859238398 0.00152555301296715 0.00217097928768412
Stock impact report

SPAC linked to Trump's social media venture surges for second day [Reuters]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: Reuters
Oct 22 (Reuters) - Shares of the blank-check acquisition company that plans to publicly list former U.S. President Donald Trump's new social media venture soared again on Friday, more than doubling in value with trading halted multiple times due to volatility. Digital World Acquisition (DWAC.O) , a Miami-based special purpose acquisition company (SPAC), closed up 107% at $94.20 on Nasdaq after earlier hitting a high of $175. Digital World soared more than 350% on Thursday, a day after the deal was announced , giving it a market capitalization of almost $1.5 billion on news it would merge with Trump's media company to create a social media app called TRUTH Social. Its recent trading was reminiscent of the meme stock frenzy earlier this year, when an army of retail investors coordinated on online forums to drive shares of GameStop Corp (GME.N) , AMC Entertainment Holdings (AMC.N) and other stocks. "This feels like a meme stock. This looks like AMC and GameStop all over again," Show less Read more
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