The once-hot SPAC industry has continued to crumble as investors yank their money.
Historical data points suggest that the optimism of the past two weeks isn't misplaced.
The once-hot blank-check industry has withered after a crackdown by regulators.
The boom has turned bust.
More than 55 transactions have been terminated this year as the market sours on speculative industries.
Icahn began shorting GameStop during the height of the meme-stock frenzy around January 2021.
The volatility shows how closely tied Digital World is to Trump's perceived political power.
The SPAC craze was a goldmine for sponsors who were early to the game.
The recent rise in redemptions is among the many problems hitting SPAC sponsors.
The concerns have pushed 89 sponsors to withdraw plans to raise fresh capital for blank-checks companies this year.
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