of course, he was a bad dude
Trump's new social media deal sparks 400% surge in SPAC's shares
SPACs such as Digital World use money raised through an initial public offering to take a private company public. The deal announcement lacked the trappings of the detailed business plans Wall Street is accustomed to in SPAC mergers, from naming a leadership team to giving detailed financing earnings and projections.
Even so, shares of Miami-based Digital World were up 340% at $44.20 a share in afternoon trading on Nasdaq after rising more than 400% earlier in the session. At that price, its market capitalization stood at $1.4 billion, up from $321 million on Wednesday.
It was the most actively traded stock on the exchange, with more than 411 million shares changing hands and drawing chatter on forums such as Reddit, where retail investors have driven so-called meme stocks to values not supported by mainstream financial analysis. On Twitter and Stocktwits, some users cheered the rally with posts displaying rocket ships and GIFs of Trump.
Some investors said the market reaction reflected support for Trump as well as a bet that a platform with him would draw followers.
"Up to this point there hasn't been a publicly traded vehicle for those that support the former president," said Jake Dollarhide, co-founder of Longbow Asset Management in Tulsa, Oklahoma.
https://www.reuters.com/technology/trump-strikes-spac-deal-new-social-media-platform-shares-soar-2021-10-21/
anons love pepe
pepe can not answer questions
pig is present
pig fights with anons
pig has answers for stupid deep state questions
that's what they hate
answers/solutions/winning
holy cer-RAP
this demented fool is finally right!!
notableif it's actually recent
Biden tells the truth for once