TrumpBook, TrumApp, or Trumpgram

Former US President Donald Trump announced that he is launching his own social network, and his new company Trump Media and Technology Group goes public with the help of SPAC.

Donald Trump announced on October 20 that he plans to list a new company called Trump Media & Technology Group, merging it with SPAC.

If the deal goes through, Trump's company will have access to approximately $ 290 million, which will allow it to create a semblance of Twitter and launch other media projects. Investors are thrilled with the idea - SPAC shares jumped more than 350% on October 21st. But they might have been less optimistic if they remembered a story 25 years ago.