FAST FIVE: Trump's "Truth" SPAC Is Now Up 1500%, PHUN Spikes 1000%
DWAC was halted for upside volatility 41 seconds after the open.
DWAC needs to hit only $83,333 to become the world's largest company – zerohedge (@zerohedge) October 22, 2021 Additionally, shares of Phunware Inc.
(PHUN) surged more than 1000% Friday morning. Austin-based Phunware is an advertising startup that has been associated with former President Donald Trump's 2020 presidential campaign, and appeared to be getting a lift from the DWAC SPAC deal.
The holding company for Trump Media & Technology Group – which is creating a new social media platform called “TRUTH Social” – is up over 700% since its announcement before yesterday's open.
It appears the “TRUTH” set Boaz free from big returns.