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home / news releases / BENEW - Why Did Digital World Acquisition stock rocket up today?

BENEW - Why Did Digital World Acquisition stock rocket up today?

Benessere Capital Acquisition Corp. Warrant
SPAC Digital World Acquisition Corp. (NASDAQ:DWAC), which announced a deal to take former president Donald Trump's social media company public in October, surged 28% today after gaining 17% yesterday on news of a CEO for Trump Media & Technology Group. The Trump social media company announced on Monday that Representative Devin Nunes (R-CA) will retire from Congress and take the role of chief executive officer of Donald Trump's social media platform in January, which will launch Truth Social. It appears that DWAC was likely gaining today due at least partly to promotion on social media from posters on Twitter and StockTwits. The Nunes news came after Digital World Acquisition (DWAC) and Trump Media confirmed over the weekend that they would be getting a $1B PIPE investment for the new company, which Reuters last week said would valued the new entity at about $3B.  Today and to some extent yesterday's move might be

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Why Did Digital World Acquisition stock rocket up today?
Stock Information
Company Name: Benessere Capital Acquisition Corp. Warrant
Stock Symbol: BENEW
Market: NASDAQ
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