SPAC tied to Trump’s social media network rallies as retail investors pile in

By Medha Singh (Reuters) -Shares of the blank-check acquisition company that plans to publicly list former U.S. President Donald Trump’s new social media company soared again on Friday, as small-time investors talked up the stock on message boards. Digital World Acquisition Corp’s shares nearly doubled to $91 in heavy premarket trading, reminiscent of the meme stock frenzy earlier this year when an army of retail investors coordinated on online forums to drive shares of GameStop Corp and other heavily shorted stocks. SPAC Digital World soared nearly five times in value to a market capitalization of $1.5 billion in the previous