@forbes

Donald Trump set off fireworks on Wall Street when he announced that a new business, the Trump Media and Technology Group, planned to go public via a special purpose acquisition company (or SPAC). Shares soared 550% in a week. At one point, when they hit their peak at $175, a little-known investor who organized the SPAC controlled a stake of more than $1 billion. Hedge funds who got in early were sitting on hundreds of millions in gains, assuming they hadn’t already cashed out. And everyday Trump supporters, betting on the SPAC from their brokerage accounts, were doubling and tripling their money in a matter of hours. Not everyone is going to make money, though. In any frenzy, there are suckers and there are sharks. Some will get lucky. But many—especially the true Trump believers, who want to stick with the former president for the long haul—seem destined to lose big. The sharks, on the other hand, already won the game before anyone else even came to the table. Find out which sharks are hitting it big and which suckers are losing money in our bio link.

October 28, 2021