On Oct. 20, a special purpose acquisition company ( SPAC ) called Digital World Acquisition Company (NASDAQ: DWAC) announced it was acquiring Trump Media & Technology Group. The announcement was immediately met with enthusiasm from investors who bid the stock up from around $10 per share to over $100 per share.
As of this writing, Digital World stock has fallen below $60 per share, but that's still quite the premium from its $10-per-share starting point. And in this video clip from Motley Fool Backstage Pass , recorded on Oct. 25 , Fool contributor Travis Hoium explains to fellow contributor Danny Vena why this high stock price makes former President Trump's company a hard one for investors to ignore.
For further details see:
Why Investors Can't Ignore Trump's Media Ambitions