Shares of Digital World Acquisition Corp. (DWAC), the special purpose buyout company that launched former US President Donald Trump’s social media platform, continued to soar for the second consecutive session.
The share price rose by 216%, on Friday, after it jumped 350% on Thursday, to close at $35.54, achieving a gain of 1200% in two days, and it reached its highest level at $170.
The stock of “Fnware”, an advertising software company that participated in Trump’s re-election campaign for 2020, jumped, as the stock traded up by 1099% to reach $16.82, to achieve a historical growth rate this week by 1700%.
In a press release on Wednesday evening, Trump Media and Technology Group, a subsidiary of Donald Trump, announced that it had entered into an agreement to merge with DWAC, to become Trump Media Company, a publicly traded company. (agencies)