When I first wrote about Digital World Acquisition Corp., in January 2022, its business operations were merely an idea. To be sure, DWAC existed. It was a special-purpose acquisition company, or SPAC, established for the purpose of buying another firm. DWAC’s value consisted of its commitment to buy privately held Trump Media & Technology Group, which had yet to offer a product. I researched DWAC’s stock conventionally, evaluating four scenarios for Trump Media’s business possibilities, ranging from bearish to strongly bullish. The upshot: Because the ex-president would receive majority ownership when the ... (full story)