Donald Trump faces big civil judgments, but the merger of Digital World Acquisition and his social media company could net him a $3 billion windfall.

Stocks linked to former President Donald Trump have soared in 2024 on hopes of him winning the GOP nomination. Ahead of last night's vote in New Hampshire, DWAC stock had nearly tripled in 2024 ...

But as Trump moves closer to securing the Republican nomination, Digital World Acquisition (NASDAQ: DWAC) stock is also enjoying some much-needed momentum.

Analyst Herb Greenberg thinks the Donald Trump-linked DWAC is a "meme stock on steroids" and that "it's all about politics." ...

However, even as his posts draw attention, DWAC stock is still struggling. This response suggests that if warning bells are tolling for Trump, they may also be for his company.

Excessive volatility in DWAC led to multiple trading halts on Friday and the stock should be expected to remain highly volatile. Final thoughts Trump is synonymous with social media.

What the Trump Indictment Means for DWAC Stock As the country keenly watches for updates on the trial, investors are wondering just how DWAC stock will fare.

DWAC stock has surged by 166% so far 2024, riding the hype surrounding former President Donald Trump and an anticipated merger with the Trump Media & Technology Group (TMTG).

Digital World Acquisition Corp., or DWAC for short, announced plans in October 2021 to acquire Trump Media & Technology Group, owner of the Truth Social app, a right-leaning alternative to Twitter.

Donald Trump will own a major stake in the combined company. The stake could be valued at around $3B based on DWAC's stock price, which has more than doubled in value this year.