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Phunware stock surges over 1,000% early Friday as a Trump-linked SPAC heads for a 1,345% weekly gain

·1 min read
Phunware stock surges over 1,000% early Friday as a Trump-linked SPAC heads for a 1,345% weekly gain
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Shares of Phunware Inc. surged more than 1,000% early Friday, as a special-purpose acquisition company, or SPAC, called Digital World Acquisition Corp. , was revealed to be merging with an entity called Trump Media Technology Group. Austin-based Phunware is an advertising startup that has been associated with former President Donald Trump's 2020 presidential campaign, and appeared to be getting a lift from the DWAC SPAC deal, which apparently represents the former president's latest attempt to l