DWAC, the Trump Social-Media SPAC, Surges: What to Know

Discussion in 'Politics' started by kmiklas, Oct 22, 2021.

  1. gwb-trading

    gwb-trading

    I ain't a lawyer.... but I don't see the grounds for getting $250 Million for expressing his opinion about George Floyd's death -- especially since the medical examiner stated "use of fentanyl" was a contributed factor to his death -- so it's not like Kanye is expressing a complete fabrication which totally defamed Floyd.

    If she can get money by suing for this -- then she needs to sue another 100 million people on social media who have stated just about the same thing to increase her payday.
     
    Last edited: Oct 18, 2022
    #121     Oct 18, 2022
  2. I agree, that lawsuit aint got any legs and is just a waste.

    We all need to start ignoring Kanye, the man cleasrly has a mental issue and the kardash clan has been saying that for a long time. The media just loves to constantly give him air time, shows how fucktarded we have become where he is still a story.... I have never seen a Black man work so hard against his own people repeatedly and still get idolized by them.
     
    #122     Oct 18, 2022
  3. gwb-trading

    gwb-trading

    It's not like Kanye has not spouted all sorts of other insane stuff over the years according to the media. But none of it is actionable with lawsuits IMO.

    Ex-TMZ Staffer Claims Kanye West Said He Loves Hitler, Nazis Amid Rant About Slavery Being ‘A Choice’
    https://www.mediaite.com/podcasts/e...zis-during-rant-about-slavery-being-a-choice/
     
    #123     Oct 19, 2022
  4. Nine_Ender

    Nine_Ender

    All Trump related businesses eventually go to shit. Did you actually put money into this piece of shit DWAC thing ?
     
    #124     Nov 5, 2022
  5. gwb-trading

    gwb-trading

    Social media firm fires CEO after putting off merger with Trump's Truth Social
    https://www.upi.com/Top_News/US/202...-ceo-fired-trump-social-merger/2071679517979/

    Digital World Acquisition Corp. confirmed Wednesday it parted ways with its chief executive as the publicly traded company moved toward a possible merger with former president Donald Trump's social media company.

    California-headquartered DWAC said in a filing with the Securities and Exchange Commission that it fired former CEO Patrick Orlando earlier in the week. Orlando had also served as the company's president.

    "Due to the unprecedented headwinds faced by the company, the board agreed it was in the best interest of its shareholders to select a new management team to execute an orderly succession plan and set strategic operating procedures for the company in this new phase," the company said in a statement.

    "Mr. Orlando's departure enables the board to appoint new leadership, which it believes will restore confidence to the shareholders."

    Orlando remains on the company's board of directors and continues to hold a 10% stake in the specialty acquisition company. He served as president and CEO for the last year and a half.

    The Trump Media and Technology Group launched the Truth Social social media platform early last year.

    In September, the DWAC deferred a shareholder vote on whether to delay the acquisition of Trump Media and Technology Group, including the Truth Social platform.

    Shareholders voted in November to delay a deadline for any merger by several months. The multiple delays have cost the company $100 million, according to NBC.

    The SEC, as well as federal prosecutors in New York, reportedly have been investigating DWAC's financial dealings.

    "I know it has been a challenging process for the shareholders. It is important to show that we are working every day to safeguard their interests," newly appointed DWAC interim CEO Eric Swider said in the company's statement Wednesday.
     
    #125     Mar 22, 2023
  6. gwb-trading

    gwb-trading

    #126     Mar 22, 2024
  7. Atlantic

    Atlantic

    empire of shit
     
    #127     Mar 22, 2024

  8. Trump would say it's worth $8Billion......maybe 10.
     
    #128     Mar 22, 2024
  9. Atlantic

    Atlantic

    #129     Mar 22, 2024
    gwb-trading likes this.
  10. vanzandt

    vanzandt

    Allow me to take a quote from you... "We already covered that analysis."
    https://www.elitetrader.com/et/thre...-liable-for-fraud.376380/page-40#post-5929487

    And like I said in subsequent posts, the ride down will be littered with brutal upsike short squeezes along the way. That's what makes it too dangerous for regular folks to mess with.
    https://www.elitetrader.com/et/thre...ers-at-sneaker-con-video.378418/#post-5930236

    Of course it's worthless, but trying to make money off of that.... you need way more data than you or I have.
     
    #130     Mar 23, 2024