Y'all checkout PHUN lol. +1,000% today. Don't know about this one though.
Shares of Phunware Inc. (PHUN) surged more than 800% Friday morning, as special-purpose acquisition company, or SPAC, Digital World Acquisition Corp. (DWAC), was merging with Trump Media & Technology Group. Austin-based Phunware is an advertising startup that has been associated with former President Donald Trump's 2020 presidential campaign, and appearted to be getting a lift from the DWAC SPAC deal, which is the former president's attempt to launch a social-media platform. Meanwhile, shares of DWAC were up 190% on Friday, contributing to a 1,224% weekly gain for the entity. Trump announced that he has decided to upend Silicon Valley via a new app called TRUTH Social, which will be a property of his newly formed social-media company, Trump Media & Technology Group. Digital World closed up 356.8% on Thursday, marking the best first day of trading ever by a SPAC, according to Dow Jones Market Data. Meanwhile, Phunware's market value is only $116 million, FactSet data show, even with the surge in its stock on Friday.
Shares of Phunware Inc. (PHUN) surged more than 800% Friday morning, as special-purpose acquisition company, or SPAC, Digital World Acquisition Corp. (DWAC), was merging with Trump Media & Technology Group. Austin-based Phunware is an advertising startup that has been associated with former President Donald Trump's 2020 presidential campaign, and appearted to be getting a lift from the DWAC SPAC deal, which is the former president's attempt to launch a social-media platform. Meanwhile, shares of DWAC were up 190% on Friday, contributing to a 1,224% weekly gain for the entity. Trump announced that he has decided to upend Silicon Valley via a new app called TRUTH Social, which will be a property of his newly formed social-media company, Trump Media & Technology Group. Digital World closed up 356.8% on Thursday, marking the best first day of trading ever by a SPAC, according to Dow Jones Market Data. Meanwhile, Phunware's market value is only $116 million, FactSet data show, even with the surge in its stock on Friday.