Retail investors are rushing back into blank check companies, and the mania surrounding a company tied to former President Donald Trump is a big reason.
The buying frenzy in Digital World Acquisition Corp., the special-purpose acquisition company set to merge with the former President’s Trump Media & Technology Group, sparked a surge of 1,225% at one point last week. While those gains have been cut in half, the excitement surrounding blank check stocks that have yet to merge with targets has spread across trader chatrooms.
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October 28, 2021 at 11:21PM
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Trump-Tied SPAC Fuels Day Trader Return to Blank-Check Stocks - Bloomberg
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