trump media funding partner returning what's left of $1B raised to fund venture after investors cancel

[butters]

The funding partner for Trump Media & Technology Group said that it will return the remaining $533 million of the $1 billion raised to finance the venture after investors canceled $467 million of commitments.

Digital World Acquisition Corp. (DWAC), a so-called special-purpose acquisition company, said in a regulatory filing that it has received termination notices from investors for $467 million of the funding. The remaining $533 million will be returned to investors, with DWAC CEO Eric Swider saying in a press release that the decision is a "positive development" as Trump's media group focuses on developing a "sustainable business model."

l.m.a.o

https://www.msn.com/en-us/money/com...1&cvid=05bf4d5b73d94e6698e2efc083b58922&ei=33

 

[Bn2f]

No way!
A trump business venture failing?

DWAC makes it seem so casual returning 533 million to investors. There’s apparently alotta white men in America with waaaaaaay too much money frivolously investing in crap.

 

[MajorRewrite]

Why Trump may reap billions in Truth Social stock market merger

DWAC to the rescue? More evidence that Trump supporters are literally deranged.

The risk that Digital World shareholders will lose money on their investment is significant, according to analysts.

Shares in the company are currently trading at nearly $43 apiece.

That's down from the highs it reached after the plans to purchase Trump Media were announced.

But it still implies Trump Media has a value of more than $5bn, which is a lot given it brought in just $3.3m in revenue in the first nine months of last year and lost nearly $50m.

 

[Fuzzy1975]

Why Trump may reap billions in Truth Social stock market merger

DWAC to the rescue? More evidence that Trump supporters are literally deranged.

Apparently, this will fall under the court appointed comptroller, so if it goes through, Trump will have to pay out his lawsuits first...he can't do anything with the stock for six months.

 

[butters]

DWAC drops 14% after merger announcement

Donald Trump on Saturday told his many online followers, "I LOVE TRUTH SOCIAL" — but shareholders in the newly merged company that will own that social media app might not feel so great after a sharp drop in price the day before.

The shell company Digital World Acquisition Corp. saw its share price plunge nearly 14% in the hours following shareholder approval Friday morning of a merger with the former president's social media company to take it public.

DWAC's stock, which hit a 52-week-high of $58.72 per share on Jan. 23 as the long-stalled merger appeared more likely to happen, had fallen to $44.20 per share as trading opened Friday morning just ahead of the shareholder vote.

DWAC shares closed trading Friday afternoon at $36.94 per share.

tots and peas

https://www.msn.com/en-us/money/com...1&cvid=a17e0cf4bffe42b0a6a96e3a279e143b&ei=31

 

[jaF0]

LLLlllOOser!!!


rump Media and Technology Group posts more than $300 million net loss in first public quarter
rump Media and Technology Group, the owner of social networking site Truth Social, lost more than $300 million last quarter.

 

[Bn2f]

LLLlllOOser!!!


rump Media and Technology Group posts more than $300 million net loss in first public quarter
rump Media and Technology Group, the owner of social networking site Truth Social, lost more than $300 million last quarter.

The jokes for this just write themselves.