After Trump’s agreement, Digital World Acquisitions Corp (DWAC) surges 246 percent in the second session.

UPDATE: This is not false information. At 10 a.m. in New York, Digital World Acquisition Corp. (DWAC) was up 246 percent to $175. When it began up 190 percent at 9:30 a.m., the SPAC, which is combining with former President Donald Trump’s Trump Media & Technology Group in order to take the latter’s as of now non-existent social media platform Truth Social public, looked to be stuck in early trade.

In Friday’s premarket, DWAC has risen to above $70.
Trump’s Truth Social platform will be made public by Digital World Acquisitions Corp.
On Thursday, the SPAC increased by 357 percent.

And now he’s back! Donald Trump is remaking his business persona, this time as the principal figure behind a new social media company that has yet to be launched but already has a billion-dollar blank check company lined up to take it public, after being banned from both Twitter (TWTR) and Facebook (FB) in the deluge that followed his supporters’ failed coup attempt on the US Capitol on January 6.

The deal to take Trump Media & Technology Group public was announced on Thursday by Digital World Acquisition Corp. (DWAC), a Special Purpose Acquisition Company or SPAC. As individual traders…