(Update: Oct 22, 2021 at 9:52 a.m. ET)
Phunware soared over 1100% as it announced a partnership with the former Trump campaign.According to the USA Today article, Phunware announced a partnership with American Made Media Consultants for "the development, launch and ongoing management of the Trump-Pence 2020 Reelection Campaign’s mobile application portfolio for Apple iOS and Google Android smartphones."
Moreover,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.