3 Years Ago
2 Min Read

Off goes DWAC. The stock fell today. Here's what's happening:



 Digital World Acquisition Corp - Class A (DWAC) is trading -5% lower at $30.83 today.

Digital World Acquisition Corp - Class A has been trading between a 52-week high of $175 and a 52-week low of $9.84. The stock has a market cap of $926 Million.



Headlines


Someone Placed An Unusual Bet On Trump-Based Digital World Stock: What''s That About?
Benzinga 07-20-22

Families Of 9/11 Victims Calling On Trump To Cancel LIV Golf Tour Event At His Club
Benzinga 07-19-22

DWAC Stock Faces New Pressure Amid Regulatory Probes
InvestorPlace 07-19-22

Word of the Trump Media Deal is said to have been leaked months in advance
Lanka Times 07-18-22

Bragar Eagel & Squire, P.C. Is Investigating Digital World, Generac, Novartis, and Cognyte and Encourages Investors to Contact the Firm
GlobeNewswire 07-15-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

kk7766 - 10 upvotes - source
$DWAC is my stock. I know exactly how it's gonna move any day it has movement. I can time it almost perfectly. Everyone needs a stock like that. 1 Year gain: https://i.imgur.com/FKCg1Xy.png

BossBackground104 - 4 upvotes - source
DWAC is listed as a mergers and acquisition company with negative revenue and no substantial debt. Seems to be some sort of shell company. I'd steer clear, unless Paul Pelosi starts loading up.

Current-Promotion-31 - 2 upvotes - source
You do know who made a bunch of money on dwac right.....

RouxHefner - 1 upvotes - source
damn ill stop bitching about my DWAC puts not paying off.. keep on keeping on you ape!

kemchobencho - 1 upvotes - source
Anytime Twitter/FB is in the news, I buy DWAC weeklies. Works like 80% of the tome

BruinedLife - 1 upvotes - source
DWAC is retarded, but you’re an even bigger retard. If they do a 10 for 1 split, you should YOLO since then it’d be an amazing deal.

BruinedLife - 0 upvotes - source
Hey, estupid. I know you probably just googled stuff and can’t even read, but that research talks about how there is a correlation between volume and the 52-week high/low. You comparing DWAC to stocks half its price, and then citing this googled research paper, is retardism at its finest.

BruinedLife - 0 upvotes - source
DWAC is retarded, but you’re an even bigger retard. If they do a 10 for 1 split, you should YOLO since then it’d be an amazing deal.

Blindside783 - -1 upvotes - source
$DWAC made 11k over night. Thank you Trump. He went bankrupt with casinos and now his new company will be the biggest one yet. Well played.