essentially, it's a shell company that has a blank check, and he can use that money to merge with private companies and bring them public. spacs are all the rage on wall street with athletes, including shaquille o'neal and alex rodriguez along with politicians like former house speaker paul ryan, all of them get involved. it's gotten to the point that the sec recently warned investors not to invest in a spac simply because a celebrity is involved. in this case, trump is teaming up with digital world corporation, a nasdaq listed shell company. wall street gave the trump deal a standing ovation on thursday. digital world shares more than quadrupled finishing the day 357% higher. that the' despite the fact the latest security filings don't indicate how much revenue, if any, the new trump company generates. it's likely to be minimal because the social media company hasn't even launched yet. for trump, going public via spac will give him the money that he needs to build this social media