Stock tied to Trump media venture soars in further frenzy

Fri, 22 Oct, 2021 - 17:58

Stan Choe, AP Business Writer

The company planning to bring former US president Donald Trump’s new media venture to the stock market soared further on Friday amid another frenzy of trading.

Digital World Acquisition Corporation nearly tripled in the first minute of trading before it was temporarily halted. It then gave up a chunk of those gains and was sitting on a 93.3% gain at 88.78 US dollars (£64.57) as of midday Eastern Time. It had climbed as high as 175 US dollars (£127) during the morning.