The Big Picture

Vincent Boland: Deflating Spac bubble takes the air out of Trump’s stock market plans

Special-purpose acquisition companies, or ‘blank cheque’ entities, came into their own during the pandemic, but as with other lockdown booms, their days are numbered

Donald Trump: failure to get his new social media platform onto the stock market could mean he and the other investors in Trump Media and Technology Group miss out on a potential $1.3 billion windfall. Picture: Getty