(SEC Filing) Shares of special-purpose acquisition company Digital World Acquisition surged almost 190% on Friday as it prepares to take Donald Trump’s media startup public.
Friday gains of Digital World occurred after the stock jumped 357% on Thursday when the SPAC deal was announced.
Trump Media &Technology Group, which is set to go public via the SPAC deal, aims to rival Big Tech, which the former US president says is “silencing opposing voices.”
Trump’s startup aims to launch a social media platform called Truth Social and an on-demand video streaming service that features “non-woke” news and other programs.
The listing plan happened about ten months after Trump was suspended or banned from major social media sites since the attack on the US Capitol.
DWAC: NASDAQ is up +189.89%.
