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Stock Tied To Trump Media Venture Soars In Another Frenzy

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FILE - In this July 24, 2021, file photo former President Donald Trump smiles as he pauses while speaking to supporters at a Turning Point Action gathering in Phoenix. Digital World Acquisition Corp., the company planning to bring President Donald Trump’s new media venture to the stock market, soared further on Friday, Oct. 22, 2021 amid another frenzy of trading. (AP Photo/Ross D. Franklin, File)

(AP) — The company planning to bring President Donald Trump’s new media venture to the stock market soared further on Friday amid another frenzy of trading. Digital World Acquisition Corp. nearly tripled in the first minute of trading before trading in it was temporarily halted. It then gave up a chunk of those gains and was was sitting on a 101.9% gain at $91.87, as of 3:30 p.m. Eastern time. A day before, the stock more than quadrupled after it said it would merge with Trump Media & Technology Group. Experts are split on the company’s prospects.

 

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