#TESLA NEWS: New York City Comptroller Brad Lander Files Letter to #TSLA Shareholders with #SEC: The Board's Failure to Curtail the CEO Jeopardizes Tesla’s Brand, so "we urge you to vote against the reelection of Kimbal Musk and James Murdoch and against the ratification of the #Musk 2018 Pay Package."
James Murdoch is a #climatedenial promoter. He is a billionaire's buddy on a Board that is totally captive to Musk's fantasies. That's no way to make money!
"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.
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
"A judge has ordered Elon Musk to testify as part of the Securities and Exchange Commission’s investigation into his $44 billion purchase of Twitter, now called X, in 2022"
#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.