By Noel Randewich
Shares of Digital World Acquisition, the blank check firm set to take former U.S. President Donald Trump’s social media platform public, soared to their highest in 19 months on Monday after Florida Governor Ron DeSantis ended his 2024 presidential bid.
The stock jumped 55% to $41, its highest since June 2022, after DeSantis on Sunday stopped his campaign just two days before the pivotal New Hampshire primary. DeSantis also endorsed Trump over rival Republican hopeful Nikki Haley.
Digital World has now more than doubled over the past five trading sessions as the former president gained momentum in his bid to become the Republican candidate in November’s general election.
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Shares of the video-sharing platform Rumble, popular with conservatives, jumped 33% to $4.77 on Monday. The company announced a partnership with media firm Barstool Sports.
Software developer Phunware, hired by Trump’s 2020 presidential re-election campaign to build a phone app, jumped 40% to 36 cents.
Digital World has now more than doubled over the past five trading sessions as the former president gained momentum in his bid to become the Republican candidate in November’s general election.
ALSO READ: Biden 2024: His record so far on the economy, immigration, civil rights
Shares of the video-sharing platform Rumble, popular with conservatives, jumped 33% to $4.77 on Monday. The company announced a partnership with media firm Barstool Sports.
Software developer Phunware hired by Trump’s 2020 presidential re-election campaign to build a phone app, jumped 40% to 36 cents.
Trump had vowed to stick exclusively with Truth Social after he was banned by Twitter following the Jan. 6, 2021, attack on the U.S. Capitol by his supporters.
However, he returned to X.com, formerly Twitter, in August months after his ban was reversed by new owner Elon Musk. (Reuters)
