Donald Trump’s new social media SPAC, defined


Trump talks on a phone
Photograph by Shealah Craighead / The White Home

In his newest try to return to the social media highlight, Donald Trump is now turning to a present darling of the startup world: the particular function acquisition firm, or SPAC.

Trump introduced Wednesday evening that he has a brand new firm known as Trump Media & Expertise Group (TMTG) and that he could be merging this new firm with a SPAC known as Digital World Acquisition Firm (DWAC). If accomplished, the deal would flip Trump’s new media firm into one which’s publicly traded on the Nasdaq. And it will give TMTG sufficient cash to get a brand new Twitter clone off the bottom known as “Reality.”

The shock deal is already turning DWAC right into a meme inventory, and it raises a good variety of questions.

Wait, what’s a SPAC?

Briefly, SPACs are shell…

Proceed studying…

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