UPDATE 3-SPAC tied to Trump's social media network surges for second day [Reuters]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: Reuters
By Medha Singh , Sinéad Carew 4 Min Read (Reuters) -Shares of the blank-check acquisition company that plans to publicly list former U.S. President Donald Trump’s new social media company soared again on Friday but trading was halted multiple times due to volatility, with small-time investors talking up the stock on social media. Digital World Acquisition Corp’s shares were last up $162.7% 162.7% at $119.52 after earlier hitting a high of $175. The moves on Friday and Thursday were 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 and other heavily shorted stocks. The special purpose acquisition company (SPAC) Digital World had soared more than 300% on Thursday, 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. “There’s a tremendous amount of Trump supporters in the country who ar
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News
- Why Is GameStop (GME) Down 17% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Trump Media asks lawmakers to investigate "unlawful trading activity" [Yahoo! Finance]Yahoo! Finance
- Trump Media asks lawmakers to investigate possible "unlawful trading activity" in its DJT stock [CBS News]CBS News
- Memecoins are back, and the returns are so big that even hedge funds can't resist [Yahoo! Finance]Yahoo! Finance
- Hedge Funds Are Succumbing to Mind-Boggling Returns of Memecoins [BNN Bloomberg (Canada)]BNN Bloomberg
GME
Earnings
- 3/26/24 - Miss
GME
Sec Filings
- 4/25/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 144
- GME's page on the SEC website