Donald Trump’s victory at the Iowa caucuses is lifting shares today in the blank-check firm working on taking his media company public.
Digital World Acquisition rallied as much as 15% on Tuesday, putting it on track to close at the highest since July, Bloomberg reported.
Trump-tied stocks including Rumble Inc., the conservative video network backed by billionaire Peter Thiel, have come into focus once again as his campaign has gathered pace. The stock rose as much as 8.6% in its biggest jump in a month.
Shares in Digital World rose 17% in 2023. The blank check company has been trying to merge with Trump Media since late 2021. Read more.
