The SPAC has been in a consistent downtrend since Elon Musk announced his bid to acquire Twitter in April, and losses accelerated once it became clear Musk would close his $44 billion deal for the social media platform. That’s because Musk has signaled that he will re-evaluate the permanent suspension of Twitter accounts, and that could include Trump.
And if Trump is allowed back on Twitter, the appeal of an alternative social media platform could lose its charm for both Trump and investors.
