Opinion: Trump-related SPACs surge, then fall, as retail investors have their own Joe Rogan experience

Joe Rogan’s podcast future is up in the air, and — for a few hours on Monday — so were the stock prices of some MAGA SPACs.

Shares in CF Acquisition Corp VI
CFVI,
+18.17%

soared as high as 39.7% in late-afternoon trading as investors began to ponder the possibility that the controversial comedian would accept an offer to take his show and his 11 million listeners from Spotify
SPOT,
-1.67%

— where he has come under attack for sharing COVID misinformation and past use of racial slurs — to online video platform Rumble, which is popular among conservatives loyal to Donald Trump.

Rumble announced in December that it planned to go public via a merger with CFVI to be completed in 2022, and retail investors in particular appeared eager to trade on Monday’s news.

The invite was tweeted out just…

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