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The SPAC-bubble collapse triggered a surge in the number of penny stocks. That's not great news for the market.

There are now hundreds of US-listed stocks trading below a dollar. It's creating market inefficienc…

Filip De Mott   


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1 min read

Donald Trump's first win of the 2024 election season ignites 239% rally in Truth Social-linked SPAC

Digital World Acquisition has been seeking a merger with Trump's Truth Social media platform since …

Matthew Fox   


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1 min read

Beware VinFast's meteoric rise – more than three-quarters of this year's SPAC debuts are trading below their float price

More than 75% of companies that made their market debuts in 2023 through a SPAC merger are trading …

Joseph Wilkins   


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Trump Media is being 'absurdly' valued by investors, LinkedIn cofounder says

Trump Media made just $4 million last year and lost $58 million, financial documents show.

Jennifer Sor   


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The SPAC tied to Trump's Truth Social surges 11% after the former president is formally indicted

Since the indictment was revealed Thursday afternoon, Trump posted more than 40 times to his Truth …

Matthew Fox   


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This chart shows just how absurd Trump Media's valuation is

Trump Media has a price-to-sales ratio of 1,590x, which dwarfs the average 8.3x price-to-sales rati…

Matthew Fox   


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Trump Media has gotten Congress involved in its crusade against short sellers

The Trump Media CEO last week also penned a letter to Nasdaq blaming "naked" short selling for the …

Yuheng Zhan   


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1 min read

SPAC king Chamath Palihapitiya says higher rates have created a 'wave of destruction' across whole sectors

The famed investor and so-called SPAC king said that the end of zero interest rate policy has creat…

Jennifer Sor   


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1 min read

Ibotta's IPO just minted more than 150 millionaires, many in Denver, CEO says

"By my calculations, I believe there'll be over 150 people who make at least a million dollars on t…

Matthew Fox   


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Trump Media stock rebounds 47% after brutal post-IPO sell-off

Trump Media successfully tested its rising 200-day moving average on Wednesday, a key level of supp…

Matthew Fox   


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Space exploration company Intuitive Machines soars 259% following SPAC merger as investors revive 2021 playbook

Part of its vision includes creating infrastructure needed to sustain life on the moon. The company…

Matthew Fox   


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4 mins read

Trump Media's stock is almost certain to crash

Trump's media company, which runs Truth Social, was flying high after starting trading. There are p…

Emily Stewart   


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4 mins read

Meme stocks are back in fashion. Here's how to find one.

In today's big story, we're breaking down how to identify a meme stock.

Dan DeFrancesco   


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A score of SPAC merger companies that listed during the boom are warning they probably won't survive much longer

More than 25 companies that listed via blank-check merger over the past two years have warned they …

George Glover   


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Shares of a SPAC linked to Trump's Truth Social which had risen sharply last week — are down 8% after the former president's arrest

This is a sharp reversal from Friday when Digital World's share prices soared 11%, after Trump's fo…

Huileng Tan   


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A meme-stock comeback is underway. Use these 3 criteria to identify them, according to a market strategist.

"If one's investment decisions are based primarily upon emotions, then it is hardly a surprise that…

Matthew Fox   


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Trump Media stock soars 59% after Truth Social parent adopts 'DJT' ticker symbol

Donald Trump can't sell his multibillion-dollar stake in Truth Social until a six-month lockup peri…

Matthew Fox   


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1 min read

Donald Trump's launch of $99 NFTs sparks 10% decline in Digital World SPAC linked to Truth Social

"Collect all of your favorite Trump Digital Trading Cards, very much like a baseball card, but hope…

Matthew Fox   


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S&P 500 might crash 60%, a recession is looming, and speculation is rife, warns elite technical analyst Milton Berg

Veteran analyst Milton Berg said he's short stocks including Nvidia and Netflix as he believes the …

Theron Mohamed   


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Trump-linked SPAC slides 21% as some candidates endorsed by the former president flounder in midterm elections

Digital World shares fell as a slate of Republican candidates backed by Trump in the mid-terms, inc…

Carla Mozée