BusinessOctober 22, 20210Marketwatch: Phunware stock surges over 1,000% early Friday as a Trump-linked SPAC heads for a 1,345% weekly gain
Shares of Phunware Inc. PHUN, 542.48% surged more than 1,000% early Friday, as a special-purpose acquisition company, or SPAC, called Digital World Acquisition Corp. DWAC, 128.44%, was revealed to be merging with an entity called Trump Media & Technology Group. Austin-based Phunware is an advertising startup that has been associated with former President Donald Trump’s 2020 presidential campaign, and appeared to...