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Shares of Digital World Acquisition Corp. plunged almost 30% Tuesday after falling 11% on Monday.
Digital World Acquisition Corp. is listed on the Nasdaq. It is a clean test firm that exists solely to merge with personal corporations to take them public.
After Trumpโs announcement, the corporateโs shares took off: They completed up 357% on Thursday, and climbed even increased on Friday, hitting an intraday peak of $175 earlier than backing off considerably. Shares of the agency ended up greater than 845% for the week.
Not everybody is happy by the deal, although. Iceberg Analysis tweeted Monday that it sees โsolely dangersโ for buyers within the close to future โnow that preliminary pleasure has handed.โ
โ Matt Egan contributed to this report.
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