Trump-related SPACs surge, then fall, as retail investors have their own Joe Rogan experience

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OPINION: Joe Rogan’s podcast future is up in the air, and — for a few hours on Monday — so were the stock prices of some MAGA SPACs, writes ThorntonMcEnery.

Joe Rogan’s podcast future is up in the air, and — for a few hours on Monday — so were the stock prices of some MAGA SPACs.

The invite was tweeted out just after 11 a.m. Eastern time, and appeared to show a letter from Rumble CEO Chris Pavlovski to Rogan, offering the embattled host a $100 million contract equal to the one he currently has at Spotify, and pledging not to take his old shows down like Spotify did over the weekend, acknowledging Rogan’s racist language and other issues.

iframe.twitter-tweet { width: 100% !important; } On Reddit, retail investors appeared to be part of a surge into the name based on Rumble’s offer.“I’m heavy on cfvi have been since the spac dropped but there is wayyyy to many variables to be even having this discussion [right now]..” cautioned another, before also offering: “That being said if rogan does end up on rumble we will be able to retire.

The Rogan news did not appear to have as much as an immediate effect on DWAC shares, despite Rumble having signed on as a future video partner for TMTG, once Trump and his team actually build a platform. In fact, around 3 p.m. Monday, the bottom appeared to fall out of the Rogan/MAGA trade on news that TRUTH Social was once again delayed.

 

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