"Breaking news: The US Securities and Exchange Commission has shut down the auditor of Donald Trump’s social media company, accusing it of 'massive fraud' "
The SPAC, Special Purpose Acquisition Company, is a dormant financial tool- a shell company, existing only on paper.
DWAC was created w the help of ARC Capital, a China Shanghai-based firm specializing in listing Chinese companies on American stock markets that has been a target of Securities and Exchange Commission (SEC) investigations for misrepresenting shell corporations. Aka:Fraud.
Jeff Yass is the biggest institutional shareholder of SPAC DWAC that merged w Lies Social. Susquehanna International Group LLP, owner is the same GOP megadonor Jeff Yass.
The deal is to give fraudster, criminal defendant a massive financial lifeline.
Yass also co-owns Chinese company ByteDance, and is openly attempting to game the 2024 presidential election for himself, and has been talking with Trump a lot.
In conclusion, Yass' China based SPAC merged with a worthless, debt ridden maga message board company simply as a way for donors to funnel money to Donald without scrutiny.
Jeff Yass just bought Trump. Here’s what he stands to gain.
Fascist billionaire, TikTok investor is about to help criminal dt add big dollars to his net worth. This is what oligarchy looks like.
TikTok billionaire Jeffrey Yass flew to Mar a Lago to discuss plans to dismantle America's public schools & siphon taxpayer funds into charters & religious centers.
This isn't not just about women's right but about the billionaire owning us. They want school vouchers, they want to privatize social security. They want to get rid of any medical insurance for anybody. They want to work you as slaves until you die and just go get another out of force pregnancy and keep the slave chain going so they can keep getting richer and richer and richer. It's a sickness.
The Goal has always been get the Golden Egg of public school funding.
Republicans have been defunding public education for decades. Then say, "See it doesn't work" It's a money grab for charter/voucher schools.
The #SEC just approved the merger. Read where the money for #TruthSocial came, or is coming, from.
...To facilitate becoming a publicly traded company, a special-purpose acquisition company (SPAC) called Digital World Acquisition Corp (DWAC) was created with the help of ARC Capital, a Shanghai-based firm specializing in listing Chinese companies on American stock markets that has been a target of SEC investigations for misrepresenting shell corporations...
Feb 15: Fucking #unbelievable. #SEC allowing a company owned in majority by Donald #Trump to be publicly traded.
...Trump, who will hold a stake of about 58% in the newly formed company.
DWAC shares soared nearly 30% on Thurs morning, and were last trading up 20% at $52.16, having touched a session high of $56.30. Digital World said it expected to announce the date of a special meeting of its stockholders to vote on the approval of the merger within two business days
#SEC Securities and Exchange Commission gave its approval Wednesday for some investment companies to offer “spot #bitcoin” exchange-traded funds.
The regulator’s highly anticipated move is expected to make bitcoin investing more accessible to Main Street investors, without requiring them to own the digital asset directly.
@gpshead Interesting, I was not surprised by this because last time I checked, Twitter was only supporting SMS 2FA(and IIRC Twitter once used those numbers for advertising), which I assume is incompatible or massively inconvenient for an org account, but it seems like they have improved the situation a lot since then.