Why Digital World Acquisition Stock Is Soaring Today

Keith Noonan, The Motley Fool
·2 min read
Why Digital World Acquisition Stock Is Soaring Today

Despite sell-offs roiling the broader market, the stock of Digital World Acquisition (NASDAQ: DWAC) is rocketing higher today. There doesn't appear to be any fresh news powering the gains, but excitement surrounding the stock is surging ahead of the company's merger with Trump Media & Technology Group and the launch of their social media platform, Truth Social. It's a social media service backed by Donald Trump that's on track to launch Feb. 21, and investors are pouring into Digital World Acquisition stock ahead of the debut.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • WWII soldiers posthumously receive Purple Heart medals 79 years after fatal plane crash

    The families of five Hawaii men who served in a unit of Japanese-language linguists during World War II received posthumous Purple Heart medals on behalf of their loved ones on Friday, nearly eight decades after the soldiers died in a plane crash in the final days of the conflict. The older Ikemoto was among 31 men killed when their C-46 transport plane hit a cliff while attempting to land in Okinawa, Japan, on Aug. 13, 1945. Army records indicate only two of the 31 ever received Purple Heart medals, which the military awards to those wounded or killed during action against an enemy.

  • How does the Eurovision voting system work?

    Last year, people from countries outside the contest were able to vote online and on the app.

  • Eurovision grand final will conclude this year’s contest

    It is not yet known whether Netherlands entrant Joost Klein will perform.

  • Ferocious solar storm could give US rare view of northern lights

    Noaa issues warning for extreme G5 geomagnetic storm whose effects are due to last through weekend and possibly into next week

  • Wildfire triggers evacuation of 'multiple neighbourhoods' in Fort Nelson, B.C.

    FORT NELSON, B.C. — The B.C. Wildfire Service says the tactical evacuation of "multiple neighbourhoods" is underway in Fort Nelson, as an out-of-control wildfire threatens the town in the province's northeast. It says the fire is "highly visible" from the town, and the closure of Highway 97 is expected. The service says the fire is being fought by groundcrews and two helicopters that are bucketing water on the blaze, and air tanker support has been requested. It says that in addition to wildfire

  • Santana hits tiebreaking HR as Twins beat Blue Jays for 16th win in 18 games

    Carlos Santana hit a tiebreaking home run in the fifth inning, Joe Ryan pitched seven innings and the Minnesota Twins won for the 16th time in 18 games by beating the Toronto Blue Jays 3-2 on Friday night. Carlos Correa had two hits and scored twice as the Twins won for the ninth time in their past 13 games in Toronto. Jose Miranda added an RBI single as the Twins, who successfully brought their lucky sausage across the Canadian border, extended their road winning streak to seven.

  • Kelowna man bemoans 'awful,' unexpected FortisBC tree work

    Giulio Di Palma was shocked to return home from work one day in April to find the branches on half of his large spruce tree missing and a portion of the top cut off.The tree stood proudly in middle of his front yard, but it's been humbled by the unexpected pruning job, with every one of its street-facing limbs removed."It looks awful," said Di Palma. "I'm the laughing stock on Barkley Road."Di Palma's case serves as an example of how far utility company FortisBC is allowed to go when a tree grow

  • Santana's solo shot lifts Twins over Blue Jays 3-2 in rematch of wild-card series

    TORONTO — Carlos Santana's go-ahead home run in the fifth inning lifted the Minnesota Twins over the Toronto Blue Jays 3-2 on Friday. Jose Miranda's RBI single in the first inning opened the scoring as Minnesota (23-15) won its third straight. Pinch-hitter Max Kepler added another RBI single in the ninth. Joe Ryan (2-2) struck out seven over seven innings, giving up one run on six hits. Jhoan Duran and Griffin Jax came out of the Twins bullpen to preserve the win. Isiah Kiner-Falefa's home run i

  • Friends and family of murdered Mexico surfers say the men weren’t reckless, they were nature lovers

    After the brutal murders of three men on a surfing trip in Baja last month, loved ones are finding comfort that surfers have been traveling to the region for decades. Andrea Cavallier reports

  • ASU PD Chief on paid leave following actions during protests in recent weeks

    Arizona State University's police chief has been placed on paid administrative leave pending a review of complaints filed against him.

  • Clarke Schmidt shuts down Rays, Anthony Rizzo drives in both runs in Yankees' 2-0 win

    ST. PETERSBURG, Fla. (AP) — Clarke Schmidt allowed five hits in 6 2/3 innings, Anthony Rizzo homered and drove in two runs, and the New York Yankees beat the Tampa Bay Rays 2-0 on Friday night. Schmidt (4-1) struck out six and walked two as he extended his season-opening run of allowing three or fewer runs to eight starts. Yankees closer Clay Holmes had a stressful ninth inning. He walked two batters with one out and struck out Isaac Paredes looking before pinch-hitter Austin Shenton singled to

  • Toronto tops Minnesota 2-0 to sit one win away from PWHL final

    TORONTO — Jesse Compher scored the go-ahead goal with 1:25 left in the third period to give Toronto a 2-0 win and 2-0 lead in its best-of-five semifinal series against Minnesota in Professional Women's Hockey League playoff action on Friday. Hannah Miller added an empty-netter for top-seeded Toronto in front of 8,581 fans at Coca-Cola Coliseum. Kristen Campbell earned her second straight shutout with 21 saves. She had a 26-save shutout in a 4-0 Game 1 win Wednesday. Maddie Rooney stopped 28 shot

  • Sanctions Be Damned, Putin’s War Machine Is Still Powered by U.S. Parts

    Photo Illustration by Elizabeth Brockway/The Daily Beast/GettyOver two years into Russia’s invasion of Ukraine, President Putin’s aircraft still use U.S., Japanese, and European components. A forthcoming report from the Independent Anti-Corruption Commission, a Ukrainian think tank known as NAKO, found shocking evidence that components from hundreds of foreign companies are present in Russian military planes. Of those foreign made components, over 60 percent came from American manufacturers such

  • Dozens gather to demand justice for Ronald Greene

    Ronald Greene’s deadly arrest on a rural Louisiana road in 2019 sparked outrage after video showing state troopers stunning, beating and dragging the Black motorist. Five years on, a federal investigation remains open with no end in sight.

  • "I Can't Stand When People Say To Avoid This Place": Travelers Are Sharing The "Overrated" Tourist Attractions That Are Life-Changing Nonetheless

    "The first time I visited, I thought, 'This can't be real. It looks like a stock image...'"

  • Striking Matheson workers reject agreement

    BLACK RIVER-MATHESON - After reaching a tentative deal with the township last week, striking Matheson workers have voted to reject the agreement. On May 10, CUPE Local 1490 released an announcement with the news of its decision to reject the town's offer. “We are continuing to stand up for our principles and our values to achieve an agreement that’s fair," Serge Bouchard, president of CUPE Local 1490, said in the release. “We will be seeking to return to the table and resume negotiations with th

  • Honolulu agrees to 4-month window to grant or deny gun carrying licenses after lawsuit over delays

    Honolulu has agreed to grant or deny applications to carry guns in public within four months of submission in response to a lawsuit by residents who complained of delays of up to a year, according to a stipulation signed by a federal judge Friday. The March lawsuit alleged that the long delays were the city’s way of keeping the permitting process as restrictive as it was before a 2022 U.S. Supreme Court decision in a case, New York State Rifle & Pistol Association v. Bruen, that upended gun laws nationwide. Before the Bruen decision, which held that people have a right to carry for self-defense, Hawaii’s county police chiefs rarely issued licenses for either open or concealed carry.

  • What the papers say – May 11

    A range of stories feature on the front of the nation’s newspapers on Saturday.

  • Matheson holds first meeting since council was given the boot

    BLACK RIVER-MATHESON - A Northern Ontario township has held its first meeting since its council was kicked out last month. A special council meeting was held today (May 10) by provincial bureaucrat Kathy Horgan, manager of local government and housing for the Ministry of Municipal Affairs and Housing's northern regional office. Horgan has been appointed to make any decisions of council until a new council is elected. "The procedures followed for council meetings will be followed and modified as

  • 15 Best Places in Montana for A Couple to Live On Only Social Security

    This article takes a look at the 15 best places in Montana for a couple to live on only Social Security. If you wish to skip our detailed analysis on “Un-retiring” and choosing the Big Sky Country, you may go to 5 Best Places in Montana for A Couple to Live On Only Social Security. […]