All tagged DWAC

What is DWAC? The Donald Trump SPAC

The last 18 months have been one of the most peculiar times in modern finance. From crypto surges and NFTs, to meme stocks and all-time market highs. In October, Digital World Acquisition Corp. (NASDAQ: DWAC), a SPAC, was yet another stock to experience a meteoric rise, and has joined the fray of peculiar financial securities, becoming one of the most popular ticker symbols on Reddit forum Wall Street Bets. However, DWAC has a uniquely political twist: It is the SPAC bringing public what will become (post-merger) the Trump Media and Technology Group, a firm created and being run by former President Donald Trump.