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252
Th
on October 25, 2021
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'The Richest He's Ever Been': Trump Set To Gain Billions In Net Worth On Moonshot SPAC
President Donald Trump's new media enterprise - Trump Media & Technology Group - is already worth an implied $8.2 billion following last week's buying frenzy following the announcement of it's special purpose acquisition company (SPAC), Digital World Acquisition Corp. (ticker: DWAC).
Shares in DWAC had been hovering around $9 before Wednesday's announcement, before rising to $52 on Thursday and closing at $45.50. An incredible half a billion shares changed hands during regular market hours. Momentum continued on Friday despite five halts, as the stock opened at $118, hit a high of $175 despite momentum-breaking halts, dropping to nearly $80 after hours
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