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Why Digital World Acquisition and Phunware Stocks Soared 107% and 471% Today

·1 min read
Why Digital World Acquisition and Phunware Stocks Soared 107% and 471% Today
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Digital World Acquisition (NASDAQ: DWAC) and Phunware (NASDAQ: PHUN) skyrocketed on Friday, as excitement for former President Donald Trump's new media company continued to build among investors. On Wednesday, Digital World Acquisition announced a deal to merge with Trump Media & Technology Group. The combined company intends to launch a new social network to compete with the likes of Facebook and Twitter.