Donald Trump is joining the meme-stock frenzy. Investors in his SPAC may get burned, but they don’t seem to mind https://t.co/h5xROESbSP 👇
My thoughts on $DWAC / $DJT: “There seems to be an unwritten agreement between tens of thousands of traders that the more political momentum Trump has, the more the stock should trade higher. It’s more of a political statement and a quasi betting tool on the election.”…
DWAC's stock soars as vote on deal to buy Trump Media nears https://t.co/60VULvvTKg

The company set to take Trump Media & Technology Group public has initiated legal action against its largest investor, ARC Global Investments II, in an effort to compel a vote in favor of their deal before an impending deadline this week. This move comes as the stock of Digital World Acquisition Corp (DWAC), associated with the merger, experienced a significant surge, with an increase of +18% to +22% in a single day. The legal action, filed in New York state court, marks the latest development in ongoing legal disputes involving the Special Purpose Acquisition Company (SPAC) and its former chief executive. The situation has attracted attention on platforms like WallStreetBets, with users humorously commenting on the merger and its impact on DWAC's stock performance.


