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#shellcompany — Public Fediverse posts

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

  1. #DanielRotstein, the man #Pecker used in an ultimately failed effort to secretly obtain reimbursement for the #KarenMcDougal deal, was his own #fixer of sorts. Pecker had long used him to deliver the news that employees would be fired, to the point that Rotstein became known at Pecker's company as "Dr.
    Death."

    David Pecker is describing #MichaelCohen's creation of a #ShellCompany, #ResolutionConsultants, to reimburse Pecker for his #payoff to McDougal.

    #criminal #law #Trump #TrumpTrial

  2. #Trump Media & Tech stock fell 18%, erasing hundreds of millions from its *market value* — & putting a dent in Trump’s majority stake, worth >$3B. Since a surge in its 1st days of trading as #TrumpMedia, which lifted the value of the co to ~$8B at one point, the company’s shares have dropped by >50%.

    Trump Media was expected to register the potential sale of new shares after the completion of its merger w/ #DWAC, a #ShellCompany known as a #SPAC.

  3. You may be wondering just whence that staggering #valuation arises,then. There are a couple factors at play—namely, rich friends & retail-level suckers.
    …As a #ShellCompany established w/the express purpose of gathering #investments & absorbing them into the minimally operational #TrumpMedia, #DWAC curried investments from all manner of private institutions,most significantly #SIG… meaning #JeffYass, the #Republican #megadonor who’s been floated as potential #treasury sec if #Trump is reelected.