Rep. 3-Names invested up to $50,000 in the SPAC* stock linked to Donald Trump’s planned social media platform. It’s performing about as well as any Trump bidness:
But based on [Digital World Acquisition Corp] price fluctuations and when Greene said she made her investment on Friday, it’s almost certain she has lost money on the trade.
On Friday, DWAC opened at $118.80 a share and dipped as low as $67.96 a share. It’s now trading around $54 a share. That means, at best, Greene has lost about 20% on her investment.
But at best she’s lost about 100% of her mind.
In related news, Lord Damp Nut’s social network broke software rules and has 30 days to comply before access is terminated or the platform is sued. So Rep. 3-Names investment strategy continues to impress.
* “SPACs are a special type of company that have no commercial operations.
“Instead, they fundraise aggressively through an initial public offering and eventually merge with a smaller company that meets the goals of the SPAC’s prospectus. Also known as “blank-check” companies, SPACs have grown popular on Wall Street in recent years as a way for both private-equity firms and the general public to invest in young firms.”