Scaramucci thinks Trump SPAC will stop White House bid: ‘I’m rooting for that SPAC’

Scaramucci thinks Trump SPAC will stop White House bid: 'I’m rooting for that SPAC'
Scaramucci thinks Trump SPAC will stop White House bid Im


Former White House Communications Director Anthony Scaramucci says he is hoping that the Special Purpose Acquisition Company (SPAC) merging with an entity called Trump Media & Technology Group will keep Trump from running for president in 2024. “I want that thing to go up like another 10 times. The more it goes up, the less likelihood Donald Trump is running for president in 2024, so I’m rooting for that SPAC,” Scaramucci told CNBC on Friday.

The SPAC, Digital World Acquisition Corp.
DWAC,
+126.33%,
is headed for a weekly gain of 1,345%, and shares of Phunware Inc.
PHUN,
+561.44%,
an advertising startup that has been associated with the Trump in the past, surged over 600% on Friday.

See also: For one day, SPACs don’t feel whack, thanks to WeWork and Trump’s DWAC The Trump Media and Technology Group aims to rival “‘Big Tech’ companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America,” according to its pitch deck. “I want the guy as far away from politics as possible and I want that once great party to rebuild itself,” Scaramucci went on to say. Scaramucci has previously worked at Goldman Sachs
GS,
+1.32%
and currently runs a global investment firm called SkyBridge Capital. See also: No one is forecasting a U.S. recession — or was, until now Scaramucci worked as part of the Trump administration for just 11 days in 2017, but has since routinely been a constant critic of the former president. Trump has not stated whether he intends to make a bid for the White House in 2024.



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