Ye Says He Wants Trump to Join Parler —Sending Truth Social SPAC Tumbling

Controversial rapper Kanye West, who now refers to himself as “Ye,” the prospective new owner of right-wing social media platform Parler, vowed Monday to break bread with Donald Trump by inviting the fellow billionaire onto his site, while shares of the company aiming to take Trump’s competing Truth Social app public cratered, Forbes reports.

Shares of Digital World Acquisition, which is having a turbulent time trying to merge with Truth Social’s parent Trump Media and Technology Group, fell 8% to $16.11 Monday as a new brash billionaire threw his hat into the conservative social media ring. Read more.

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State of the SPAC Market

Seeking Alpha anticipates that there will still be opportunities – albeit a fraction of recent volume – for seasoned, sophisticated investors to take advantage of in 2023.