Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 06/12/2021 12:20 
23.10.2021 17:42 News >> Trump Media Stocks Jump 800% After Announcement Of New Social Media Platform

Trump Media Stocks Jump 800% After Announcement Of New Social Media Platform

Digital World Acquisition Corp is taking former US president's planned venture public.

Digital World Acquisition Corp, the special-purpose acquisition company that will take former US President Donald Trump's planned social media platform public, saw its stock price soar more than 800% just in two days of trading.
The company, which trades on the Nasdaq under ticker DWAC, saw its stock price jump 356.8% on Thursday and an additional 107% on Friday, according to official figures.
When the company announced a merger with Trump Media & Technology Group on Wednesday, its stock price stood at $9.96 at market closing.
DWAC stock price jumped to $45.50 per share on Thursday, and saw as high as $175 on Friday before ending the day at $94.20 a share.
Between two closings of Wednesday and Friday, DWAC shares rose from $9.96 to $94.20 – skyrocketing 845.8%.
Trading of DWAC shares was halted multiple times on the Nasdaq due to high volatility during the two days.
After DWAC announced a merger with Trump Media & Technology Group on Wednesday, the merger gave the group a valuation of $875 million the next day.
Trump has announced TRUTH Social, which will start inviting guests for a beta launch next month, and will be available for all users in the first quarter of 2022.
The former president, who said TRUTH Social will "stand up to the tyranny of Big Tech," was taken off Twitter and Facebook in the aftermath of Capitol Hill riots on Jan. 6. He was often accused of using social media platforms to spread misinformation. -



        Latest News
Serbian Basketball Player Stevan Jelovac Dies At 32 -34 minutes ago...
AEK Athens player Jelovac suffered stroke, previously played for Turkish basketball teams Antalya BB and Gaziantep.
Myanmar's Military Court Sentences Suu Kyi For 4 Years In Jail -34 minutes ago...
Nobel laureate convicted of violating pandemic restrictions, incitement, while ex President Myint also gets 4 year jail sentence.
Anti-Houthi Coalition Intercepts 2 Rebel Drones From Yemen -34 minutes ago...
Saudi led coalition says 7 rebel drones intercepted in past 24 hours.
Rockets Beat Pelicans 118-108 For 6Th Straight NBA Win -34 minutes ago...
Ingram put up 40 points but it was not enough for New Orleans Pelicans.
Turkish Stocks Start Week On High Note -4 minutes ago...
Borsa Istanbul's BIST 100 index up 10.8 points from previous all time high close surpassing 1,900 points.

 
      Top News
Turkish President Due In Qatar For 2-Day Official Visit Turkish President Due In Qatar For 2-Day Official Visit
Pakistan Set To Reopen Jain Temple Pakistan Set To Reopen Jain Temple
Diary Diary
Somali Commandos Trained By Turkey Back Home Somali Commandos Trained By Turkey Back Home
Turkish Coffee Consumed In 144 Countries Turkish Coffee Consumed In 144 Countries
West Ham United Beat Chelsea 3-2 West Ham United Beat Chelsea 3-2
Turkish Foreign Minister Praises Relations With Italy Turkish Foreign Minister Praises Relations With Italy
Yemen Rebels Claim To Have Downed US-Made Spy Drone In Marib Yemen Rebels Claim To Have Downed US-Made Spy Drone In Marib
Saudi-Led Coalition Carries Out Airstrikes On Yemeni Capital Saudi-Led Coalition Carries Out Airstrikes On Yemeni Capital
Israeli Army Arrests 24 Palestinians In West Bank Israeli Army Arrests 24 Palestinians In West Bank