Trump’s Multi-Billion Dollar (SCAM) SPAC
He did it again. The Donald pulled off yet another miracle by taking his (failing) social media platform public. The deal had been in the works for a while and looked DOA last year. But it was revived recently and when it hit the Nasdaq this week it added billions to Trump's net worth and gave him an immediate cash infusion that will likely prevent him having to sell assets to make the (reduced) bond in his civil fraud case. The wealthy in this country truly operate under different rules. The mechanism Trump used to take a losing company public quickly and with relative ease compared to normal IPOs is called a SPAC, or Special Purpose Acquisition Company. SPACs gained a lot of attention a few years back before basically imploding as regulators frowned upon them and investments fizzled. As quickly as they gained prominence, they flamed out and were basically revealed to be scams. But it didn't stop the biggest SCAM artist in the world from packaging up his SCAM social media platform inside a SCAM financial vehicle. God bless 'Murica.
#TruthSocial #SPAC #DigitalWorld #Trump #DJT #IPO
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