DJT stock falls another 10%. Could Trump Media’s plunge finally spell the end for SPACs?

Donald Trump’s stock fell another 10% Monday, tumbling almost 30% in five days. It’s among several SPAC mergers that have burned investors.

As the threat of insider sales continues to hang over investors, shares of Trump Media (Nasdaq:DJT) once again tumbled to new lows on Friday, falling another 10% Monday to hit $12.15 a share, its lowest point as a public company.