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#dwa — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #dwa, aggregated by home.social.

  1. #Trump’s allies & company execs will also be granted bundles of shares in the new company that could be worth millions. But trading on the #stockmarket will also open the company to more public scrutiny, & any drops in share prices would affect the value of those stakes.

    Critics have said #TrumpMedia is a “#MemeStock” w/a >$6B valuation they say is out of sync w/its financial outlook. TrumpMedia lost $49M in the first 9 months of last yr & brought in just $3.4M in revenue, per #DWA #SEC filing.

  2. After #Trump was booted from the #birdsite following the #Jan6, 2021, #insurrection, 3 men played pivotal roles in building & promoting #TrumpMedia as an online challenger [🤣] against the “cancel culture” of #BigTech: #AndyLitinsky & #WesMoss, fmr “Apprentice” contestants who co-founded the company & launched Truth Social; & #PatrickOrlando, who as chief exec of #DWA, a #SPAC [#BlankCheck], offered Trump’s company a path to investor #cash.

    #law
    masto.ai/@Nonilex/112130283180