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Here's Why Digital World Acquisition Stock Skyrocketed 580.9% in October

TheMotleyFool

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Here's Why Digital World Acquisition Stock Skyrocketed 580.9% in October

Shares of Digital World Acquisition (NASDAQ: DWAC) surged 580.9% across October's trading, according to data from S&P Global Market Intelligence. The special purpose acquisition company (SPAC) rocketed higher after the announcement of a planned merger with a social media company backed by former President Donald Trump.