Stock tied to Trump media venture soars in another frenzy

KIFI

Published October 22, 2021 9:01 AM

By STAN CHOE
AP Business Writer

NEW YORK (AP) — The company planning to bring President Donald Trump’s new media venture to the stock market soared again on Friday amid another frenzy of trading. Digital World Acquisition Corp. nearly tripled in the first minute of trading before trading in it was temporarily halted. It then gave up a chunk of those gains, but it still ended the day with a 107% gain to $94.20. In the morning, it climbed as high as $175. A day before, the stock more than quadrupled after it said it would merge with Trump Media & Technology Group. Experts are mixed on the company’s prospects.

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