- Digital World Acquisition Corp., the SPAC that is taking former President Trump’s planned social media platform public, soared Friday following a massive rally in the previous session.
- The SPAC, which trades under the ticker DWAC on the Nasdaq, jumped more than 100%.
- The ticker was among the most popular mentions on Reddit’s WallStreetBets, which indicated that DWAC could be having a meme stock moment like GameStop and AMC.
- Phunware, the advertising software startup involved with Trump’s 2020 reelection campaign, jumped in unison with DWAC.