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4 mins read

Why the election felt like the 2021 meme stock rally — but way bigger

Elon Musk and Mark Cuban rallied both memesters in 2021 and voters this year, traders made big bets…

Theron Mohamed   


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2 mins read

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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4 mins read

Trump's stock bust came even quicker than I expected

Trump Media's DJT stock price has plunged since its SPAC merger. And it's probably going to get wor…

Emily Stewart   


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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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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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2 mins read

What's going on with VinFast stock? The electric vehicle SPAC has soared more than 800% since its debut and is worth more than Ford.

Founder Pham Nhat Vuong controls 99% of VinFast, as he issued just 1% of the company's shares to th…

Matthew Fox   


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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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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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2 mins read

Long-term projections by some SPAC stocks are proving to be wishful thinking as Virgin Galactic misses 2021 revenue target by 98%

Nikola said during its SPAC IPO that it expected to generate about $150 million in revenue in 2021.…

Matthew Fox   


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2 mins read

Bill Ackman's SPAC has just 6 weeks to find a target — or he'll have to return $4 billion to investors

"Bill and Pershing face an uphill battle — selling SPACs to investors is now virtually impossible,"…

George Glover   


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3 mins read

Theron Mohamed   


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1 min read

Former SPAC exec pleads guilty to defrauding people of $5 million to trade crypto and meme stocks

The former chief financial officer of two SPACs pleaded guilty to wire fraud in a years long scanda…

Brian Evans   


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1 min read

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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2 mins read

Bill Ackman says he'll return $4 billion to PSTH investors after failing to close a SPAC deal - and trumpets his next-generation SPARC

The Pershing Square chief blamed the market's rapid rebound after the pandemic crash, investors sou…

Theron Mohamed   


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Original SPAC-meme stock Nikola soars 17% after it begins production of its first electric vehicle

Nikola is set to beat Tesla to market with its electric semi-truck, which has an expected range of …

Matthew Fox   


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2 mins read

Matthew Fox   


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1 min read

Digital World Acquisition Corp. jumps 29% as merger partner Trump Media eyes $1 billion fundraise

Trump Media & Technology Group is already in line to receive $293 million if its deal to go public …

Carla Mozée   


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1 min read

Digital World SPAC tied to Trump's Truth Social extends two-day decline to 13% after app downloads plummet

Despite the recent sell-off, Digital World is still up nearly 500% from its SPAC IPO price of $10 p…

Matthew Fox   


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1 min read

Lucid Motors drops as luxury electric vehicle maker receives SEC subpoena

Lucid said the SEC investigation appears focused on the business combination between it and battery…

Carla Mozée   


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1 min read

Goldman Sachs is exiting work on most SPACs because of liability concerns as regulators tighten guidelines, report says

The investment bank may change course if the SEC scales back its SPAC oversight guidelines, Bloombe…

Carla Mozée