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Vincent Boland: Deflating Spac bubble takes the air out of Trump’s stock market plans

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Special-purpose acquisition companies, or ‘blank cheque’ entities, came into their own during the pandemic, but as with other lockdown booms, their days are numbered, Vincent Boland writes

“Your favourite president will see you soon!” That was the first message posted on Donald Trump’s new social media platform, by the man himself, when it launched in February.

Truth Social, as the venture is known, was to be the disgraced former president’s route back to the centre of the social media world after he was booted from Twitter. And it is all going a bit pear-shaped.

 

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