At the time of the last suspension, after 2:00 p.m., the share of this firm, which is exchanged under the symbol “DWAC”, was worth US $ 99. On Wednesday night its value was just over $ 10, the AFP news agency reported.
The figure brings the market capitalization of this firm, which does not have any commercial activity, to about $ 3.2 billion.
This frenzy illustrates the appetite of investors for the billionaire Republican project, whose accounts were eliminated by Facebook, Twitter and YouTube for having, according to these platforms, incited his supporters to violence before the invasion of the Capitol on January 6. .
DWAC is one of the most cited terms in the WallStreetBets forum of the Reddit site, which brings together 11 million small investors who are adept at high-risk positions on the stock market.
This explosive rise of DWAC is reminiscent of Gamestop and other titles that had the same progression at the beginning of the year, driven by purchases from an army of small investors.
But it also appears to be politically motivated by shoppers now that Trump, defeated by Joe Biden in November, continues to be very popular with Republicans.
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