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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