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Digital World Acquisition Corp

SEC approves Truth Social, Digital World merger

The Securities and Exchange Commission (SEC) has approved a merger between former President Trump’s media startup and the blank-check company attempting to take his platform Truth Social public. Digital World Acquisition Corp. (DWAC) said Wednesday that the agency declared the registration statement for its merger with Trump Media & Technology Group (TMTG) to be effective. The company will announce the date of a stockholder meeting to vote on the merger within two days, it added in a press release.…

Donald Trump’s Truth Social Clears Final Hurdle to Become Publicly Traded Company

The Securities and Exchange Commission (SEC) gave the green light on Thursday for a merger between Donald Trump’s social media company and the special purpose acquisition company that will allow it to become a publicly traded company, according to a new report from the Wall Street Journal.The Elon Musk Twitter Saga, Part 1 of Who Knows?The SEC declared effective the Registration Statement on Form S-4 for the proposed business combination between Trump Media and Technology Group and Digital World Acquisition Corp after…

So Far, Trump’s Truth Social Has Set $73 Million on Fire

Less than two years after it launched, Donald Trump’s social media site, Truth Social, might be headed for the internet graveyard. New federal filings show that Truth, like a lot of Trump businesses, has lost massive amounts of money ($73 million, in this case) and is drifting, inevitably, toward insolvency. The site’s business partners seem worried it won’t recoup its losses anytime soon.The embarrassing financial news was laid bare in a Securities and Exchange Commission filing made this week by Digital World…

Trump-linked DWAC soars 50% after SEC fraud settlement

The social media app will be developed by Trump Media and Technology Group (TMTG).Rafael Henrique | LightRocket | Getty ImagesShares of Digital World Acquisition Corp. — the shell company seeking to take former President Donald Trump's social media platform public — soared more than 50% on Friday following the company's announcement that it had settled fraud charges with the Securities and Exchange Commission for $18 million.This surge brought DWAC's stock to roughly $20, still a far cry from its highs above $95 in March…

Trump-linked Digital World Acquisition Corp fires CEO

Former US president Donald Trump announced plans on October 20 to launch his own social networking platform called "TRUTH Social," which is expected to begin its beta launch for "invited guests" next month.Chris Delmas | AFP | Getty ImagesDigital World Acquisition Corp., the publicly traded blank check company that planned to merge with former president Donald Trump's social media company, fired its CEO earlier this week, according to a Wednesday filing.The former CEO, Patrick Orlando, will remain as a director for the…

Trump’s Truth Social Slashes Staff Amid Expanded Federal Investigation, Reports Say

Things haven’t been going well for Donald Trump’s Truth Social platform, or its parent media company, Trump Media & Technology Group (TMTG), for a while now. Yet still, circumstances seem to be worsening for the former president’s online venture. The numerous probes into Trump’s company seemingly aren’t resolving any time soon, with at least one broadening to include new potential wrongdoings, per a Wednesday report from the Guardian. And, amid the drawn out process of trying to merge TMTG with a “blank check” company…

Trump Reportedly Wants to Abandon Truth and Return to Twitter

After all the projects Donald Trump has abandoned over the years, you would think the folks behind Truth Social would have seen this coming.Image: rafapress (Shutterstock)Former President Donald Trump has a problem. He wants to run again in 2024, and he’s going to need another blowout time on social media to give him that public and media attention he entirely craves. The thing is, he has already agreed to a “social media exclusivity term” with Truth Social, the platform he helped get off the ground. The agreement means

I can’t recommend Penn Entertainment

Penn Entertainment Inc: "Everybody's in this darn business. ... I do like Penn. They're good guys, but I cant recommend the stock right now."Tilray Brands Inc: "They and Canopy, if you want to own them, you can own either one. I'm not going to fight you on it."PagerDuty Inc: " put up a great number. ... But this segment is so hated it just didn't matter."CME Group Inc: "Winner, winner, chicken dinner. ... I think it's terrific."Jim Cramer's Guide to InvestingClick here to download Jim Cramer's Guide to Investing at no…

Trump Media partner DWAC delays Truth Social merger

This illustration photo shows Donald Trump's new social media app Truth Social's logo on a smartphone in Los Angeles, February 21, 2022.Chris Delmas | AFP | Getty ImagesThe blank check company that plans to take Trump Media and Technology Group and its Truth Social platform public said Tuesday that shareholders voted to delay a deadline for its merger with the former president's firm by several months.Shares of Digital World Acquisition Corp. rose more than 5% following a brief shareholder meeting announcing the delay.…

Trump’s Truth Social Gifted Time to Finalize Shady SPAC Merger

Photo: Chris Delmas (Getty Images)The shell company struggling to take Donald Trump’s Trump Media and Technology Group public just bought itself some desperately needed time. Thanks to a newshareholder vote, Digital World Acquisition Corp (DWAC) will now have until September 8, 2023 to complete its merger with the Truth Social parent companyMore than 65% of DWAC shareholders on Tuesday voted in favor of extending its merger agreement deadline with TMTG after delaying the vote six separate times. The extension vote,