A blank-check firm’s deal with former President Donald Trump could be a toxic cocktail for top markets cop Gary Gensler, writes johnsfoley:
Former U.S. President Donald Trump plans to take his new company, Trump Media & Technology, public by merging with a special-purpose acquisition company called Digital World Acquisition Corp, the companies said on Oct. 20.
The company said it plans to launch a social network called “Truth Social.” A beta version will launch in November 2021, with a full rollout in 2022. DWAC shares were trading at over $100 by 11:00 a.m. ET on Oct. 22. SPAC shares are typically issued at a price of $10, in line with the amount of cash the company has to invest.FILE PHOTO: Former U.S. President Donald Trump looks on during his first post-presidency campaign rally at the Lorain County Fairgrounds in Wellington, Ohio, U.S., June 26, 2021.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scaramucci says he hopes the Trump SPAC keeps soaring so he doesn't run for president againAnthony Scaramucci, the hedge fund founder and one-time Trump official, says he hopes the former president's SPAC keeps soaring so he doesn't run in 2024
Read more »
A Majority Of Republican Voters Actively Want Trump To Run For President AgainWelcome to Pollapalooza, our weekly polling roundup. By all appearances, former President Donald Trump is planning to run for president again in 2024. He is tra…
Read more »
Donald Trump Announces Launch of Media Company, Social PlatformTrump says his goal in launching the Trump Media & Technology Group and its 'TRUTH Social' app is to create a rival to the Big Tech companies that have shut him out and denied him the megaphone that was paramount to his national rise.
Read more »
Analysis: This Republican wants to start 'GOP 2.0' -- without Donald Trump'Something very interesting happened in New Hampshire this week that you might have missed: The Georgia Republican lieutenant governor made a trip to the state touting his plan to re-birth a post-Trump GOP,' writes ChrisCillizza | Analysis
Read more »
Ex-KKK leader David Duke takes credit for Donald Trump and Tucker Carlson.thereidout Blog: Former Ku Klux Klan leader David Duke said former President Trump and Tucker Carlson owe him credit after taking his racist ideas about 'white replacement.'
Read more »
Trump is banned from Facebook and Twitter, but experts say he 'absolutely' wouldn't need them to run for president againTrump could run in 2024, and experts say he wouldn't need Twitter or Facebook's platforms to win - he already has his 'loyal soldiers' on his side.
Read more »