https://www.vice.com/en_us/article/7kbzee/trump-spac-becomes-gamestop-like-meme-stock-by-promising-non-cancellable-community

In a news event attempting to bring together everything bad about the world, YOLO investors are pushing a Trump-affiliated SPAC to the moon, transforming it into a GameStop-like meme stock in hopes of supporting (or profiting off of) the former president’s goal of creating the world’s first “‘Non-Cancellable’ Global Community”—aka a social media site for conservatives. 

One day after announcing that it planned to merge with Trump Media & Technology Group to create the conservative site TRUTH Social, shares of the special purpose acquisition vehicle Digital World Acquisition Corp. shot up 340 percent to well over $35, triggering volatility halts after it became one of the most popular names on the stock-pumping, AMC-loving Reddit board WallStreetBets and the “most traded stock with a value above a penny,” according to Bloomberg. The stock had been trading below $10 yesterday before the Trump announcement.