dec 6 reuters  shares of a clutch of companies linked to former us president donald trump rose in premarket trading on monday after his new social media venture said it had raised nearly 1 billion from a group of unidentified investors digital world acquisition corp dwaco the blankcheck acquisition firm that plans to take trump media  technology group corp public rose more than 9 cf acquisition corp vi cfvio jumped 21 while phunware phuno was up 2 read more phunware was hired by trumps 2020 presidential reelection campaign to build a phone app and spac cf acquisition corp vi recently announced plans to list canadian video platform rumble inc which trump joined in june the hype around digital worlds merger with trump media  technology group in october sent phunware and remark holdings in a rally that market specialists have compared to this years memestock frenzy when individual investors piled into stocks such as gamestop gmen spurring bouts of intense volatility read more it looks like  the market is fine with speculating what are they going to do with that billion dollars of cash who are they going to buy who could they acquire said thomas hayes managing member great hill capital llc new york and the market seems to like that in the short term both digital world and cf acquisition were among the top trending stocks on investorfocused social media site stocktwitscom highlighting retail interest in the companies theres never any fundamental analysis that you can apply to these types of stocks which are often driven by essentially chatroom related movements said rick meckler partner at cherry lane investments in new vernon new jersey trump media  technology group corp said on saturday it had entered into agreements to raise about 1 billion through a private investment in public equity pipe transaction from a diverse group of institutional investors as it prepares to float in the us stock market read more reporting by bansari mayur kamdar and anisha sircar in bengaluru editing by saumyadeb chakrabarty