Trading in Trump Social Media Stock Surges 200 Percent, Is Halted Several Times

Trading in Trump Social Media Stock Surges 200 Percent, Is Halted Several Times
Former President Donald Trump arrives to hold a rally in Sarasota, Fla., on July 3, 2021. Eva Marie Uzcategui/Getty Images
Jack Phillips
Updated:

Shares of former President Donald Trump’s Digital World Acquisition Corp., a blank-check firm that is taking his proposed social media platform public, spiked on Friday after a huge rally the day before.

Trading in Digital World Acquisition Corp. (DWAC) was halted on Friday due to volatility several times during Friday morning trading after it skyrocketed 216 percent at one point. On Thursday, the stock surged over 300 percent to close at $35.54 with significant trading volume and volatility.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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