Digital World Acquisition Corp. and Phunware Inc. both skyrocketed into popularity in late October 2021 when it was announced Digital World, a SPAC, would merge with Trump Media and Technology Group. Phunware, which had partnered with Trump during his 2020 reelection campaign soared higher both due to its connection to Trump and because Bitcoin, which Phunware acquires, was running toward its Nov. 10 all-time high of $69,000 at that time. Like with many retail-induced squeezes, both stocks declined almost as quickly as they mooned but held on to some of their gains. Digital World, which was trading near $10 prior to the merger announcement, shot up to reach an all-time high of $175 on Oct. 22 before falling to the $65 level on Oct. 27. Phunware, which was trading near $1 on Oct. 20, reached a high of $24.04 on Oct. 22 before declining over 81 percent to the $4.20 mark by Oct. …