Digital World Acquisition (NASDAQ:DWAC), the special purpose acquisition company (SPAC) taking former President Donald Trump’s media brand public, has been seeing green lately. The soon-to-be Trump Media and Technology company is up 13% today for a surprisingly strong start to the week. DWAC stock is on the up and up of late as the conservative media movement continues to gain traction.
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The reason for the jump? It’s somewhat unclear, but it’s likely due to an announcement from conservative YouTube alternative Rumble.