New Zealand markets open in 3 minutes
  • NZX 50

    11,316.46
    +49.07 (+0.44%)
     
  • NZD/USD

    0.6469
    +0.0058 (+0.91%)
     
  • ALL ORDS

    7,398.90
    +7.90 (+0.11%)
     
  • OIL

    110.59
    +0.30 (+0.27%)
     
  • GOLD

    1,852.10
    +4.30 (+0.23%)
     

Why Digital World Acquisition and Phunware Shares Are Sinking Today

·2-min read
Why Digital World Acquisition and Phunware Shares Are Sinking Today

After posting explosive gains yesterday, shares of Digital World Acquisition (NASDAQ: DWAC) and Phunware (NASDAQ: PHUN) are giving up ground in Wednesday's trading. With excitement building around Trump Media & Technology Group's upcoming Truth Social media platform and a recent rally held by the former president potentially pointing to another presidential campaign in 2024, Digital World Acquisition and Phunware surged on Tuesday. Digital World Acquisition is a special purpose acquisition company (SPAC) that's on track to take Trump Media & Technology Group public through a merger, and Phunware is being eyed by investors as a potential software service provider for Truth Social or another White House bid.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting