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DWAC, the Trump Social-Media SPAC, Soars in GameStop-Like Frenzy

DWAC, the Trump Social-Media SPAC, Soars in GameStop-Like Frenzy

Shares of a blank-check company tied to Donald Trump’s online network surged again, implying a valuation of several billion dollars for the new firm following a buying frenzy fueled by individual investors on social media.