Why Investors Can't Ignore Trump's Media Ambitions
On Oct. 20, a special purpose acquisition company (SPAC) called Digital World Acquisition Company (NASDAQ: DWAC) announced it was acquiring Trump Media & Technology Group. The announcement was immediately met with enthusiasm from investors who bid the stock up from around $10 per share to over $100 per share.
As of this writing, Digital World stock has fallen below $60 per share, but that's still quite the premium from its $10-per-share starting point. And in this video clip from Motley Fool Backstage Pass, recorded on Oct. 25, Fool contributor Travis Hoium explains to fellow contributor Danny Vena why this high stock price makes former President Trump's company a hard one for investors to ignore.
Source Fool.com
