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Trump's social media stock rose 16%, still down 67% from its $80 peak

Even with the bounce, the stock has shed some $5.4 billion from last month, with the value of Trump’s position dropping to $2.1 billion.

Bailey Lipschultz

Shares would need to plunge another 46% for the now $1.3 billion paper payday for the former president and his co-founders to be in doubt.

The Truth Social SPAC generated just $4.1 million in revenue for the full year, results reported in a filing Monday morning show.

There are at least 23 bankrupt companies born out of SPACs, or special-purpose acquisition companies.

When gambling on anything is a click away, the greater fool theory is a defining feature of the investing landscape.