The Best One Yet 🟠“Huge” — Trump’s SPAC. WeWork’s Batman. Tesla’s ca$h money.
Oct 22, 2021
A former U.S. president's SPAC made waves with a 350% stock jump on its debut. WeWork is back in action, public once more thanks to some surprising advice from a fictional Batman. Meanwhile, Tesla is not just surviving but thriving, showing off their ability to generate cash instead of burning it. To add a light touch, a viral pug influencer sneaks into the conversation, proving that business can be both serious and fun.
AI Snips
Chapters
Transcript
Episode notes
SPACs Explained
- Trump's new social media venture, Truth Social, highlights the power of SPACs.
- SPACs are shell companies with cash, aiming to acquire and quickly publicize a private company.
Trump's Truth Social
- Donald Trump launched a SPAC-acquired social media company, Truth Social, and its stock (DWAC) surged 350%.
- The company is still in its planning phase, with a mission to rival liberal media and Big Tech.
WeWork's Comeback
- WeWork went public via SPAC two years after its failed IPO, with its stock rising 12%.
- Ex-CEO Adam Neumann, despite the company's struggles, now owns 11% and hosted a celebratory party.