https://techcrunch.com/2021/10/22/the-trump-spac-is-doing-stonk-things-which-is-hilarious/

When news broke that former U.S. President Donald Trump had conceived of a media and technology company and intended to take it public via a blank-check company, you would have been forgiven if you immediately began to wonder how quickly you could short the stock.

Pick a reason: Right-leaning social networks have largely flopped; the company appeared to be severely underfunded given the scope of its goals and the wealth of its rivals; the fact that there was no product available to use, let alone historical revenue to model forward. There are other reasons for skepticism, but those are my favorite.