Do you feel like an idiot fore covering for a thief?
Trump came away with 44 million dollars, the corporation lost over a billion dollars, the company went bankrupt, the bankruptcy resulted in many small businesses not getting paid for services and goods provided and the stock holders cane away with stock worth nothing.
Trump knows how to play the system. Trump comes away with millions while thousand lose money on his business.
Initial estimates indicate that Trump himself could reap billions from the SPAC transaction. But investors who may be looking to likewise cash in on any MAGA-fueled market movements this week might first want to consider the track record of SPAC-related stock performances. Because SPAC returns have, in many respects, often left investors holding the bag.
SPAC mergers, which act as a sort of backdoor way for companies to list their stock on a public exchange while eschewing the traditional IPO process, were immensely popular in 2020 and 2021. During those two years, more than 850 companies went public via SPAC mergers, according to data from SPAC Insider. But they’ve since fallen out of favor, with only 31 SPAC mergers last year, and five so far in 2024.