Donald Trump, Jr. and Omeed Malik rang the opening bell at the New York Stock Exchange as renegades. They had just turned PublicSquare, a Yelp-like directory of conservative businesses, into a publicly traded company,

A gun-selling venture backed by Donald Trump Jr. had an abysmal opening day on Wall Street. GrabAGun—an online firearms marketplace that Don Jr.’s business partner, Omeed Malik, has described as the “Amazon of guns”—opened on the New York Stock Exchange Wednesday.

Former Bank of America Merrill Lynch executive Omeed Malik, who has emerged as a financier to the Maga economy, runs the Spac that GrabAGun merged with and likens the Texas-based group to an “Amazon of guns”. The Spac holds about $170mn from its public offering in 2023.