Special Purpose Acquisition Companies (SPAC)
Word of Trump Media Deal Is Said to Have Leaked Months in Advance
Months before former President Donald J. Trump’s social media company unveiled an agreement to raise hundreds of millions of dollars last fall, word of the deal leaked to an obscure Miami investment firm, whose executives began plotting ways to make money off the imminent transaction, according to people familiar with the discussions. The deal — […]
Know More
Why SPACS Are Flailing as Market Conditions Shift
Matt Higgins, a former judge on the reality TV show “Shark Tank,” is an experienced investor whose firm, RSE Ventures, helps young companies build their businesses. So it was no surprise that in November 2020, Mr. Higgins embraced one of Wall Street’s biggest recent obsessions by launching a SPAC. Special purpose acquisition companies — known […]
Know More
Why Elon Musk Is a Problem for Trump’s Truth Social
Trump Media would face a murkier future. After a flurry of downloads when Truth Social was launched, interest has dropped sharply. Sensor Tower, an app insights company, said the app was downloaded an estimated 41,000 times in the last full week of March, down 95 percent from the same period the previous month. Truth Social, […]
Know More