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Articles for Dwac

'Poor Marge': MTG mocked after report suggests she lost $32K by investing in Trump Media
8 months, 1 week ago

'Poor Marge': MTG mocked after report suggests she lost $32K by investing in Trump Media

Raw Story  

The media company with ties to Donald Trump's Truth Social platform is seeing its value tank more each day. Greene wouldn't respond to questions from CNBC or NBC News about her holdings in Digital World Acquisition Corp, which merged with Trump Media and saw its share price drop at least 45 percent to date, NBC News reported. Greene, along with …

Media Trump Stock Trump Media Nbc News Greene Nbc
Truth Social going public won’t help Donald Trump financially.
8 months, 3 weeks ago

Truth Social going public won’t help Donald Trump financially.

Slate  

To a casual observer, it may seem that Donald Trump’s bet to build up his own social network—after getting booted from his own “beautiful Twitter account” post-insurrection—may have literally paid off. On Tuesday, shares in Trump Media & Technology Group, the parent entity for the ex-president’s homegrown Truth Social platform, began trading on the Nasdaq after the company’s successful merger …

Media Social World Trump Digital Truth Stock
Donald Trump's $5.7-Billion Truth Social Merger Approved by Shareholders. All You Need To Know
8 months, 4 weeks ago

Donald Trump's $5.7-Billion Truth Social Merger Approved by Shareholders. All You Need To Know

ABP News  

The merger between Digital World Acquisition Corp and Trump Media & Technology Group, the entity behind former US President Donald Trump's social media platform Truth Social, received shareholder approval this Friday. The approval by DWAC shareholders marks a pivotal step towards listing TMTG on the stock market, a move that could potentially inject $300 million in cash into the social …

Social Trump Billion Million Truth Social Merger Tmtg
Trump's social media company Truth Social to go public as DWAC merger approved
9 months ago

Trump's social media company Truth Social to go public as DWAC merger approved

Hindustan Times  

Donald Trump could land nearly $3 billion, thanks to the merger of his social media company Truth Social. On Friday, the shareholders of Digital World Acquisition Corporation approved a merger with Truth Social's parent company, Trump Media & Technology Group. Donald Trump's social media company Truth Social is set to go public Trump's Truth Social set to go public amid …

Media Social Trump Truth Company Share Truth Social
Column: Trump’s media company is going public, netting him billions. Why would anyone invest in it?
9 months ago

Column: Trump’s media company is going public, netting him billions. Why would anyone invest in it?

LA Times  

Investors in Truth Social, Donald Trump’s money-losing social media platform, voted to take it public at a valuation that could net him about $3 billion. The headline Trump news on Friday was that investors in Truth Social, his money-losing social media platform, voted to take it public at a valuation that could net the former president about $3 billion. In …

Social Trump Truth Investors Public Sec Invest
'Legal warfare' threatens Trump’s grasp on multi-billion dollar Truth Social deal: report
9 months ago

'Legal warfare' threatens Trump’s grasp on multi-billion dollar Truth Social deal: report

Raw Story  

Former President Donald Trump's media company is facing an internal battle as several figures who played a role in its founding are taking legal action, or are the targets of suits themselves. Trump Media's co-founders, former "Apprentice" stars Andy Litinsky and Wes Moss, along with former DWAC director Patrick Orlando, have all been caught up in litigation. Digital World is …

Media Legal Trump Company Trump Media Truth Social Orlando
'Nail in the coffin' for Trump's Truth Social after nearly $200M investment cancelled
1 year, 2 months ago

'Nail in the coffin' for Trump's Truth Social after nearly $200M investment cancelled

Raw Story  

Donald Trump's shell company that aimed to take his media company public to the U.S. Stock Exchange is returning donor money, Reuters reported Thursday. "The development is the nail in the coffin of the $1 billion investment that DWAC had raised for the merger with Trump Media & Technology Group, which runs the Truth Social platform," said Reuters. In the …

Trump Company Report Public Forbes Truth Social Billion Investment
Truth Social’s merger partner reaches $18m settlement with SEC
1 year, 5 months ago

Truth Social’s merger partner reaches $18m settlement with SEC

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A financial firm linked to Donald Trump’s Truth Social platform …

Trump Securities Public Trump Media Truth Social Merger Inside Washington
3 charged in insider trading case related to taking Trump media firm public, accused of making $22M
1 year, 5 months ago

3 charged in insider trading case related to taking Trump media firm public, accused of making $22M

Associated Press  

NEW YORK — Three Florida men were charged Thursday with making more than $22 million through illegal insider trading before the public announcement that an acquisition firm was going to take former President Donald Trump’s media company public. According to the indictment, the men were invited to invest in the special purpose acquisition company, Digital World Acquisition Corp., and were …

Media Florida Trump Acquisition Insider Trading Company New York
Trump's social media company collapses in price after Kanye West's Parler move: report
2 years, 2 months ago

Trump's social media company collapses in price after Kanye West's Parler move: report

Raw Story  

According to Forbes, Monday's announcement that pro-Trump rapper Kanye West, also known as Ye, is acquiring the right-wing social media platform Parler sent the share price tumbling for the "blank check" company in charge of former President Donald Trump's own Twitter alternative. "Shares of Digital World Acquisition Corp., the special purpose acquisition company with turbulent plans to merge with Truth …

Social Media Trump West Truth Social Twitter Dwac Parler
Trump's social media company dealt another setback in road to stock market listing
2 years, 3 months ago

Trump's social media company dealt another setback in road to stock market listing

NPR  

Trump's social media company dealt another setback in road to stock market listing Enlarge this image toggle caption Stefani Reynolds/AFP via Getty Images Stefani Reynolds/AFP via Getty Images Former President Trump's social media company has another potentially big problem on its hands: It's struggling to complete a stock market listing that would allow it to raise more than $1 billion …

Media Social Trump Company Stock Getty Images Sec
Two key tech execs quit Truth Social after troubled app launch
2 years, 8 months ago

Two key tech execs quit Truth Social after troubled app launch

The Hindu  

The two Southern tech entrepreneurs had the two qualities that Donald Trump’s Truth Social startup needed: tech-industry expertise and a politically conservative worldview aligned with the former president, a rare combination in the liberal-leaning industry centered in San Francisco. Josh Adams and Billy Boozer - the company’s chiefs of technology and product development - joined the venture last year and …

Technology Social Trump Truth Company App Platform
CEO of Trump's social media 'blank check company' sued by investor for 'brazen act of fraud': report
3 years ago

CEO of Trump's social media 'blank check company' sued by investor for 'brazen act of fraud': report

Raw Story  

On Thursday, Axios reported that a private equity investor, Brian Shevland, is suing the CEO of the so-called "blank check company" behind former President Donald Trump's attempt to build a new social media platform — and that he is alleging a fraud scheme. "The complaint suggests that conversations between Orlando and Trump began months before DWAC went public, which could …

Trump Orlando Dwac
Column: Trump’s latest deal could set a high water mark for investment scams
3 years ago

Column: Trump’s latest deal could set a high water mark for investment scams

LA Times  

For a while there, it seemed that the SPAC boom had run out its string. The deal, Warren said, appears to be “a textbook example of a SPAC misleading shareholders and the public about materially important information.” She was referring to alleged undisclosed contacts between DWAC and Trump associates, which contradicted DWAC’s consistent claims that it had not “initiated substantive …

Media World Investment Trump Investors Public Trump Media
Explained | Trump’s social media venture gets a funding boost
3 years ago

Explained | Trump’s social media venture gets a funding boost

The Hindu  

The story so far: On December 4, Trump Media & Technology Group Corp., founded by former U.S. President Donald Trump, and Digital World Acquisition Corp. announced that the latter has raised $1 billion promised investment from “a diverse group of institutional investors”. DWAC, which has signed a merger agreement with TMTG, plans to use the funds to support the former …

Media Social Investment Trump Truth Million Truth Social
Trump media venture eyed by regulators; names Nunes CEO
3 years ago

Trump media venture eyed by regulators; names Nunes CEO

Associated Press  

NEW YORK — Regulators are looking into the deal that would bring Donald Trump’s new social media company to the stock market, one that has attracted both legions of fans of the former president and people looking to make a quick profit. It’s often referred to by its trading symbol of “DWAC.” DWAC said Monday that it is cooperating with …

Media Trump Company Trump Media Sec Deal Tmtg
Trump’s ‘Truth Social’ company merger already under investigation by US financial regulators
3 years ago

Trump’s ‘Truth Social’ company merger already under investigation by US financial regulators

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A “blank check” shell company that saw its value skyrocket …

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Regulators open inquiries into the SPAC that intends to merge with Trump's new social media company
3 years ago

Regulators open inquiries into the SPAC that intends to merge with Trump's new social media company

Daily Mail  

The publicly traded company that plans to merge with Donald Trump's new social media venture revealed on Monday that it is being investigated by federal regulators. The disclosure came in a filing by Digital World Acquisitions Corp - a special purpose acquisition company or 'blank check' company - that said the Securities and Exchange Commission and the Financial Industry Regulatory …

Media World Trump Digital Company Public Sec
Trump's social media deal is being investigated by regulators
3 years ago

Trump's social media deal is being investigated by regulators

NPR  

Trump's social media deal is being investigated by regulators Enlarge this image toggle caption Brandon Bell/Getty Images Brandon Bell/Getty Images A planned merger between former President Donald Trump's social media startup and a shell company is being investigated by regulators. Its announcement comes less than two months after DWAC announced plans to merge with a new social media startup from …

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MTG likely lost thousands investing in Trump's new media venture
3 years, 1 month ago

MTG likely lost thousands investing in Trump's new media venture

Salon  

Rep. Marjorie Taylor Greene could be out thousands of dollars after she purchased SPAC stock linked to former President Donald Trump's future social media platform. According to CNBC, Greene filed a public disclosure revealing she had invested up to $50,000 in Digital World Acquisition Corp., which has said that it will merge with Trump's social media company. But CNBC determined …

Trump Greene Dwac Mtg Likely Likely Lost Mtg Likely Lost
Trump tightens grip on social media company after SPAC deal success
3 years, 1 month ago

Trump tightens grip on social media company after SPAC deal success

The Hindu  

Former U.S. President Donald Trump will be able to retain the ownership of his newly launched social media venture even if he chooses to make another White House run or is convicted by prosecutors who are looking into his business dealings. Trump said last week that TRUTH Social would be created through a new company formed by a merger of …

Trump Company Tmtg Dwac Tightens Grip Material Disruptive Event
Inside the 'weird' world of DWAC -- Trump's already soaring social media SPAC
3 years, 2 months ago

Inside the 'weird' world of DWAC -- Trump's already soaring social media SPAC

Raw Story  

For many investors, it apparently doesn't matter that former President Donald Trump's new media venture has yet to create, well, anything. Millions rushed Thursday to snatch up shares of the blank-check company Trump is using to take his new media venture public, more than quadrupling its stock value in just one day. The venture's first project will be a social …

Social Trump Tmtg Spac Venture Media Company Dwac
Inside the "weird" world of DWAC, Trump's already soaring social media SPAC
3 years, 2 months ago

Inside the "weird" world of DWAC, Trump's already soaring social media SPAC

Salon  

For many investors, it apparently doesn't matter that former President Donald Trump's new media venture has yet to create, well, anything. The venture's first project will be a social media venture called "TRUTH Social," which is set to launch next month for "invited users" and will be available sometime early next year for the general public, according to Trump's statement. …

Social Media Trump Public Tmtg Spac Venture Dwac