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Digital World Acquisition (DWAC) shareholders extend company's deadline to merge with former President Trump's media company by an additional year.

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Manage episode 347806472 series 3418820
Innhold levert av Zeitpedia. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Zeitpedia eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Digital World Acquisition (DWAC) shareholders voted to extend the company's deadline to merge with former President Trump's media company by an additional year on Tuesday. The vote came after months of delays and wrangling, and followed Twitter CEO Elon Musk's decision to allow Trump back on the platform. Trump has indicated that he is not interested in returning to Twitter, but experts say the temptation to do so is high. If Trump does return to Twitter, it could undermine the business model of his media company, Truth Social. Tuesday's vote was just the latest chapter in DWAC's attempt to delay the merger. The company is facing multiple investigations from the Securities and Exchange Commission and a federal grand jury, which DWAC claims have delayed the merger process. Despite the challenges, DWAC CEO Patrick Orlando remains confident in the company's ability to get the deal done. "It's a really arduous process when you have as many stockholders as we did," he said. "Retail stockholders often don't feel they need to participate."
  continue reading

63 episoder

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Arkivert serier ("Inaktiv feed" status)

When? This feed was archived on March 09, 2023 01:51 (1y ago). Last successful fetch was on December 09, 2022 17:23 (1+ y ago)

Why? Inaktiv feed status. Våre servere kunne ikke hente en gyldig podcast feed for en vedvarende periode.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 347806472 series 3418820
Innhold levert av Zeitpedia. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Zeitpedia eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Digital World Acquisition (DWAC) shareholders voted to extend the company's deadline to merge with former President Trump's media company by an additional year on Tuesday. The vote came after months of delays and wrangling, and followed Twitter CEO Elon Musk's decision to allow Trump back on the platform. Trump has indicated that he is not interested in returning to Twitter, but experts say the temptation to do so is high. If Trump does return to Twitter, it could undermine the business model of his media company, Truth Social. Tuesday's vote was just the latest chapter in DWAC's attempt to delay the merger. The company is facing multiple investigations from the Securities and Exchange Commission and a federal grand jury, which DWAC claims have delayed the merger process. Despite the challenges, DWAC CEO Patrick Orlando remains confident in the company's ability to get the deal done. "It's a really arduous process when you have as many stockholders as we did," he said. "Retail stockholders often don't feel they need to participate."
  continue reading

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