Digital World Acquisition Corp stock skyrockets 1000%+ thanks to Trump

Digital World Acquisition Corp. shares were under $10 a week ago, and are now $100+ and about to merge with Trump's media company.

@anthony256
Published Fri, Oct 22 2021 9:11 PM CDT   |   Updated Thu, Nov 18 2021 8:03 AM CST

If you purchased Digital World Acquisition Corp. (DWAC) a week ago... hell, just a couple of days ago, you'd be laughing all the way to the bank right now.

Digital World Acquisition Corp stock skyrockets 1000%+ thanks to Trump 01 | TweakTown.com
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President Donald J. Trump announced his new social media company, TRUTH Social, in the last 24 hours or so, and was announced that Trump Media & Technology Group and Digital World Acquisition Corp. have entered into a definitive merger agreement that makes TMTG into a publicly listed company, subject to regulatory and stockholder approval.

Between then and now, just 24 hours or so, Digital World Acquisition Corp. stock has skyrocketed from around $10 or so, through to a huge $105 representing an increase of 1000% or more. We're talking crazy manic meme-level crypto gains, but in the "real-world" of stock trading. DWAC stock skyrocketed 357% just today, which is crazy.

President Donald Trump explained when he unveiled TRUTH Social: "I created Truth Social and TMTG to stand up to the tyranny of Big Tech. We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced. This is unacceptable. I am excited to send out my first truth on Truth Social very soon. TMTG was founded with a mission to give a voice to all".

"The transaction values Trump Media & Technology Group at an initial enterprise value of $875 Million, with a potential additional earnout of $825 Million in additional shares (at the valuation they are granted) for a cumulative valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination".

NEWS SOURCE:wccftech.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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