UK markets close in 7 hours 45 minutes
  • FTSE 100

    7,297.80
    +65.52 (+0.91%)
     
  • FTSE 250

    23,093.95
    +212.62 (+0.93%)
     
  • AIM

    1,187.39
    +7.36 (+0.62%)
     
  • GBP/EUR

    1.1755
    +0.0006 (+0.05%)
     
  • GBP/USD

    1.3275
    +0.0014 (+0.11%)
     
  • BTC-GBP

    38,620.64
    +2,228.73 (+6.12%)
     
  • CMC Crypto 200

    1,327.48
    +67.33 (+5.34%)
     
  • S&P 500

    4,591.67
    +53.24 (+1.17%)
     
  • DOW

    35,227.03
    +646.95 (+1.87%)
     
  • CRUDE OIL

    70.85
    +1.36 (+1.96%)
     
  • GOLD FUTURES

    1,783.00
    +3.50 (+0.20%)
     
  • NIKKEI 225

    28,455.60
    +528.23 (+1.89%)
     
  • HANG SENG

    23,983.66
    +634.28 (+2.72%)
     
  • DAX

    15,609.90
    +229.11 (+1.49%)
     
  • CAC 40

    6,975.41
    +109.63 (+1.60%)
     

Why Shares of Digital World Acquisition and Phunware Crashed Today

·2-min read
Why Shares of Digital World Acquisition and Phunware Crashed Today
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Digital World Acquisition (NASDAQ: DWAC) and Phunware (NASDAQ: PHUN) both saw their stock prices rocket over 1,000% at one point last week, as investors' excitement for the special purpose acquisition company (SPAC) and advertising software provider that are linked to former President Donald Trump reached a fever pitch. The decline in Digital World Acquisition's stock price appears to have been sparked by comments made by Trump before the market opened.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting