A lockup provision has kept him from being able to sell Trump Media shares. With that prohibition about to expire, the price is down more than 70 percent from its peak.
Category: Special Purpose Acquisition Companies (SPAC)
Donald Trump’s Wealth Now Hinges on Trump Media
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Chamath Palihapitiya, The ‘SPAC King,’ Is Over It
Chamath Palihapitiya, once a relentless cheerleader of special purpose acquisition companies, blames the Federal Reserve for the end of SPAC mania.