Phunware soared more than 300% in premarket trading as it provided the Trump-Pence team with powerful mobile tools.Donald Trump unveiled a new digital media venture Wednesday and said it would go public by merging with a special-purpose acquisition company.
Trump Media & Technology Group will create a social network called Truth Social to fight companies such as Facebook Inc. and Twitter Inc., the Trump company said in a press release late Wednesday. Mr. Trump's access to several social-media platforms was restricted following the Jan. 6 assault on the U.S. Capitol.
“Phunware announced partnership with American Made Media Consultant on development, launch and ongoing management of the Trump-Pence 2020 Reelection Campaign’s mobile application,” a May 2020 USA Today article read.
“Our software provides the Trump-Pence team with powerful mobile tools for their high profile reelection campaign, allowing seamless one-to-one user engagement and interactions on a reliable and proven global platform,” Phunware CEO and co-founder Alan S. Knitowski was quoted as saying in the article.
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