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DWAC / TMTG - "TRUTH Social"

Jodster

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Market seems to have agreed upon a value for DWAC for the time being. Once the beta of TRUTH Social is launched I expect more upward pressure.

View attachment 230131
DWACW is the warrants option. The future option costs sit at $11.00 or so. Warrant price is @$34 or so.
DWACU is a combination of warrants and stocks.
I was going to pick up a shit-ton of W at $21 but thought it would drop to $11. Oops.
see my tag line for more details.
 

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regardless if this one works out, agree with it or not,

it does show there is a demand for products different than what exists today

I would think it is pretty safe to say there are some out there taking interest in that point,
 

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Donald Trump’s SPAC deal may have violated securities laws, report says​

Rey Mashayekhi
Fri, October 29, 2021, 7:09 PM·2 min read



Donald Trump’s recent venture into special purpose acquisition companies may have fallen afoul of securities laws, according to the New York Times.
The former president announced plans earlier this month to take his fledgling social media venture, Trump Media & Technology Group, public via a SPAC merger with Digital World Acquisition. The publicly traded shell company, which began trading on the Nasdaq in September under the ticker DWAC, subsequently saw its shares soar on the strength of robust investor interest, though the stock has since tapered off from its highs.
But on Friday, the Times reported that DWAC may have skirted securities regulations since its founder, Florida-based financier Patrick Orlando, had been in discussions with Trump over the SPAC merger for months in advance of DWAC’s public market debut in September. The publication cited people with knowledge of the talks between the two men, who said that Trump and Orlando—who has launched no fewer than three other SPACs on U.S. exchanges—had been discussing a SPAC merger as early as last March.

By law, SPACs aren’t supposed to have such a merger planned at the time of their IPO, and are instead meant to merge with a private company only after they’ve begun trading on a stock exchange. Otherwise, as the Times notes, it would be too easy for private companies to use SPACs as “backdoor vehicles” to go public without the level of public disclosure and scrutiny they would usually be exposed to through a traditional listing. Since SPACs are meant to function as empty shell companies at the time of their IPO, such public disclosures are deemed unnecessary.
Lawyers and securities industry officials told the Times that the discussions between Trump and Orlando could draw inquiries from the Securities and Exchange Commission—especially since DWAC’s securities filings repeatedly state that the company had not engaged in any “substantive discussions, directly or indirectly,” with a target company.
The SPAC merger is expected to raise hundreds of millions of dollars for Trump’s new social media venture. Meanwhile, Orlando and other DWAC backers are expected to see hundreds of millions more in proceeds as a result of the stock’s performance, the Wall Street Journal reported this week.
This story was originally featured on Fortune.com

 

Voodoo

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Please. Who knows if they actually did anything wrong but these attacks by .gov were really predictable. Not to mention the fact that the SEC completely changed the rules on warrants on a bunch of spacs.
 

Voodoo

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Also seems like they are lying to attack the software platform. Something about Mastedon sending them a letter for using their software. Does anyone know what that is about? I don't know how that could be involved, nothing is even out so how would they know it was even used?

Edit: man I hate typing on phones. And i have smaller fingers.
 
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"The Clintons are good people"

That's just a sample of the 'Truth' you'll be listening to

Trust no one! Trust nothing you can't be totally sure of! Stay off big time fookin social media!
 

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Please. Who knows if they actually did anything wrong but these attacks by .gov were really predictable. Not to mention the fact that the SEC completely changed the rules on warrants on a bunch of spacs.
The laws are written to be intentionally obscure so they can be applied selectively. Every one of us could be tried and convicted of some crime we didn't know we committed.
 

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Donald Trump's Truth Social is headed for 'embarrassing' failures, Daily Beast report says​


Joshua Zitser
Sun, October 31, 2021, 5:25 AM


A photo illustration showing a person checking the app store on a smartphone for "Truth Social", with a photo of former President Donald Trump in the background.

A photo illustration showing a person checking the app store on a smartphone for "Truth Social", with a photo of former President Donald Trump in the background. Chris Delmas/AFP/Getty Images
Former President Donald Trump's upcoming social media network has already had its' fair share of problems, including hackers breaking into the site to post a photo of a defecating pig.
And several social media experts told the Daily Beast that things might only get worse.
Described by reporters Adam Rawnsley and Shannon Vavra as a "hacker's wet dream," experts say that Truth Social, set to launch in 2022, is showing early warning signs of failure.
"These new platforms have to try and learn all of the lessons of running a social network in a compressed time scale, so they tend to miss a lot of stuff," said David Thiel, the chief technical officer at Stanford Internet Observatory, during an interview with the Daily Beast.

"And a lot of times, the people that are implementing this haven't been at a company that has had a significant trust and safety operation, so they just don't know the things they're going to be facing," Thiel continued.
The chief technical officer noted that Parler, a comparable social media network popular with Trump supporters, which relied on user reports and volunteer moderators instead of paid ones to remove rule-breaking content, could not keep up with a backlog of content violations.
Adam Hadley, the director of Tech Against Terrorism, a company that works with smaller social media platforms to police terrorist content, warned that Truth Social could struggle to find the resources to remove extremist content.
"You can be swarmed very easily by terrorist use," Hadley told the Daily Beast. "There's no easy solution. You need people to be making difficult decisions about content and before you even do that, you need to know what your policy is and you need a press and PR capability to deal with media responses."
Eva Galperin, the director of cybersecurity at the Electronic Frontier Foundation, told the Daily Beast that Truth Social not only risks falling behind on moderation but that it might struggle to comply with external regulations.
Insider previously reported that the Software Freedom Conservancy had accused Truth Social of ripping off code and violating a software licensing agreement, potentially opening it up to litigation or the need to rebuild the platform.
"It does not sound like [Truth Social has] a compliance team. It does not sound like there are lawyers on staff, or anybody even doing the basic due diligence in the same way it doesn't sound like they have anybody doing the most basic security engineering," Galperin said.
Galperin's assessment of Truth Social's future did not paint a rosy picture for the social media network. "I imagine a series of embarrassing security and policy failures followed by a very boring fizzle," she told the Daily Beast. "I don't imagine any of these sites are going to replace any of the tech giants anytime soon."
Read the original article on Business Insider

 

Voodoo

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I mean you dont have to like Trump but linking to some daily beast trash is a bit much. Its not exactly new news that it is difficult to create a safe and useful social media site. Are we going to pretend that Fakebook or twatter havent been hacked had had tons of data stolen?
 

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Donald Trump's Truth Social is headed for 'embarrassing' failures, Daily Beast report says
Someone should keep a record of all these 'predictions' to see how it all turns out.

So far I've yet to see anything stick - from the phony impeachment, to the Russian collusion, to his tax records (what ever became of that escapade?)... it never gets old....
 

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linking to some daily beast trash

no need to be so harsh,
it was put there to illuminate what the other side is doing and the ends to which they will go,

never forget that,

and you should well know by now I put up a lot of stuff that may or may not be agreed with
 

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bought some trading dwacw at 26.x - hoping to average down before a bounce and sell
 

Voodoo

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no need to be so harsh,
it was put there to illuminate what the other side is doing and the ends to which they will go,

never forget that,

and you should well know by now I put up a lot of stuff that may or may not be agreed with

As Rush would say, no need to link to their articles, I KNOW how they think.
 

Scorpio

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yeah, not a rush guy as he was just another tool,

he was really really good at what he did,

as for linking or not, I will make that choice and you can ignore me all you want

by all means, have at it
 

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another communist attack -- lol, we dont have any evidence nor any plaintiffs.....but we are going to do something to stop these racist nazis from being able to talk to each other without adl/splc censoring and banning them


NEW YORK, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Digital World Acquisition Corp. (“DWAC” or the “Company”) (NASDAQ: DWAC; DWACW). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether DWAC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
 

Voodoo

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another communist attack -- lol, we dont have any evidence nor any plaintiffs.....but we are going to do something to stop these racist nazis from being able to talk to each other without adl/splc censoring and banning them


NEW YORK, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Digital World Acquisition Corp. (“DWAC” or the “Company”) (NASDAQ: DWAC; DWACW). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether DWAC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

Those things are a dime a dozen. Basically just Ads for law firms these days. Go look at any stock that drops 10%. Nothing to worry about there.
 

<SLV>

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another communist attack -- lol, we dont have any evidence nor any plaintiffs.....but we are going to do something to stop these racist nazis from being able to talk to each other without adl/splc censoring and banning them


NEW YORK, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Digital World Acquisition Corp. (“DWAC” or the “Company”) (NASDAQ: DWAC; DWACW). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether DWAC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
1635889310801.png


1635889346485.png
 

Voodoo

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Trading is settling into a range. On the broad side 53-77, and seems to be tightening up to 60-68. I will add if it dips under 60. Don't expect it to climb above 77 without some sort of announcement regarding the merger or TRUTH Social app launch.

1635947567669.png
 

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Update: for the sake of full disclosure... I decided to exit all DWAC and DWAC.W positions today. After evaluating the situation I decided to book my profits because the downside risk is much greater than the potential upside AT THIS TIME. In the future (after the merger / TRUTH launch) I plan to reinvest because I believe in the long term potential of a true free-speech social media platform (and I also believe in DJT's ability to get it done with his rabid fan base). But I want to see this merger complete and the BETA testing finished before getting back in the pool.

As they say, don't fall in love with your investments. If I was objective I should have exited this position sooner. I bought into it knowing there would be a big jump on the news. Took a lot of profit when it was just north of $100. Should have taken it all off the table.

Know why you are making an investment, and have your exit strategy planned before you get in.
 

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i've done two round trips this week on the dwacw trading shares. buying 26 and below.....sell 28

just entered a third 26 starter position, will add at 23 or 24......sell at 28 or above
 

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i've done two round trips this week on the dwacw trading shares. buying 26 and below.....sell 28

just entered a third 26 starter position, will add at 23 or 24......sell at 28 or above
I entered at $24 and am now watching it dive below $22.50.
Oh to buy more or wait for the bottom...?
 

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I entered at $24 and am now watching it dive below $22.50.
Oh to buy more or wait for the bottom...?
What is the bottom? $12 and I am back in.
 

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another communist attack -- lol, we dont have any evidence nor any plaintiffs.....but we are going to do something to stop these racist nazis from being able to talk to each other without adl/splc censoring and banning them


NEW YORK, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Digital World Acquisition Corp. (“DWAC” or the “Company”) (NASDAQ: DWAC; DWACW). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether DWAC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
Every penny stock that's fallen by 20% and their mother have these kind of stock ambulance-chasers. There's an unending supply of people who bought the top and feel they've been victimized.
 

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If it never hits $12.00 will you have any FOMO?
No. I would rather invest longterm. If I don't get cheap warrants I will just wait until the the merger is complete and open a position in the stock. I do believe it will be hugely successful. But I also expect it to receive (il)legal challenges as well as be a target for state-sponsored (choose your "state") hacking.
 

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No. I would rather invest longterm. If I don't get cheap warrants I will just wait until the the merger is complete and open a position in the stock. I do believe it will be hugely successful. But I also expect it to receive (il)legal challenges as well as be a target for state-sponsored (choose your "state") hacking.
Warrants such as HYMCZ, DWACW and URC.WT.VN have opened my eyes to these neat little device. .
 

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Now this is an interesting development.
Cannot verify story. DYODD
Oh and btw I bought at $24, stop losses out at $16 and now will probably watch it rise to a couple hundred.
Im a fucking idiot.
https://www.redvoicemedia.com/2021/...y-group-just-dropped-a-1000000000-truth-bomb/
Looks to be more than rumor:
https://www.marketwatch.com/story/t...-billion-in-capital-01638655128?siteid=yhoof2

On the one hand, the company is better capitalized, on the other hand that's $1B dilution for existing shareholders - market cap was at $1.6B on Friday, so that's a lot of dilution.
 

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Yeah, I'm not sure what to make of that raise. It means that the people that buy DWAC will own even less of the company.
 

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i've done two round trips this week on the dwacw trading shares. buying 26 and below.....sell 28

just entered a third 26 starter position, will add at 23 or 24......sell at 28 or above

kept buying all the way to 13. sold most shares on pop to 20. kept original shares for long term

broke less than even on that trip

zhedge is reporting they just raised a billion from nyc fat cats
 

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I loaded up on Rumble stock (CFVI)


BREAKING: Trump's new media platform and Rumble have distribution deal
Howard Lutnick, the CEO of Rumble's parent company Cantor Fitzgerald, stated on Monday that they have worked out a distribution deal with Donald Trump's planned "Truth" social media platform.
 

Stop Making Cents

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Shares of the company connected to a planned social media app backed by former President Donald Trump rose sharply after news that the app has set a target launch date of Feb. 21.
Blank-check company Digital World Acquisition Corp.’s stock jumped by nearly 20% by the close of trading on Thursday.
Trump’s company is being marketed as an alternative to social media giants Twitter and Facebook, both of which banned him on the grounds of inciting the Jan. 6, 2021, riot at the U.S. Capitol.

 

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over the past week bought dwacw at 13.x, sold at 18.x last night

hope it pulls back to my buy zone
 

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can you explain how the dwacw works? I read that it's a better buy than dwac but i just don't understand how the warrants work.


i dont know why the discount is so large. too good to be true? this article is old, but explains it good


Digital World Acquisition ‘s warrants (DWACW), which can be exercised at $11.50 a share, were up 170%, or $19.30, to $30.59 in trading Friday. The intrinsic value is about $75 per warrant, calculated by subtracting the exercise price of $11.50 from the current stock price. While trailing the stock, the warrants are up 60-fold since Wednesday, when they finished at 51 cents when the stock stood around $10

The discount to intrinsic value reflects the inability of warrant holders to exercise them now. The warrant terms state that they can be exercised at the later of 30 days after the closing of the deal with Trump Media and Technology Group or one year after the closing of the SPAC offering date, which was in September.
 
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Anybody buying Rumble?

I just put in an order for somewhere in the lower $11 range. I think that I like this as the play better than DWAC. They have an actual product that I know and do use on occasion. Seems to be more reasonably price plus they will at least be linked to DWAC thing in part. I also have come to respect Dan Bongino and he was an early investor.
 

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Trump’s Tech Company Pivots to Video With Rumble Partnership​


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Mack DeGeurin


Mack DeGeurin​

Published 4 weeks ago: December 16, 2021 at 6:15 am -
Filed to:alt tech
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Trump’s Tech Company Pivots to Video With Rumble Partnership
Image: Chris Delmas, Getty Images

Former president turned failed blogger and upstart tech founder Donald Trump has found a new video and streaming service for his social media site. In a statement released Tuesday, the Trump Media & Technology Group (TMTG) announced it was entering into a “wide-ranging technology and cloud services agreement,” with the provocative video sharing site Rumble, which would see it deliver video and streaming for Trumpistan Twitter clone Truth Social.


“As part of our mission, TMTG continues to align with service providers who do not discriminate against political ideology,” Chairman Trump said according to the press release. “Therefore, I have selected the Rumble Cloud to serve as a critical backbone for TMTG infrastructure. TMTG has already launched Truth Social on the Rumble Cloud for invited guests only, and the initial Beta launch has been excellent. America is ready for TRUTH Social, and the end to cancel culture.”


In addition to serving as a video embed source for Trump’s “Truths,” TMTG said it is in exclusive negotiations with Rumble to provide infrastructure and video delivery services for TMTG’s supposedly upcoming on-demand streaming product TMTG+. TMTG did not respond to Gizmodo’s request for comment asking for more specific details about the partnership.


Truth (which the company wants people to write as TRUTH, but we’re not doing that) represents the social media arm of Trump’s larger TMTG, which he claims has already rased $US1 ($1) billion from investors. Oh, and yeah, it also plans to go public through a SPAC. That deal would let TMTG merge with a shell company called Digital World Acquisition Corp, which would potentially shield TMTG from the types of financial disclosures usually needed for an IPO.

TMTG, however, is already under federal investigation by the Securities & Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) — though, at this stage, the SEC and FINRA are reportedly just asking questions.
In the partnership statement, Rumble’s CEO Chris Pavlovski described his company as a neutral platform “designed to be immune to cancel culture,” that hosts “diverse ideas and opinions.” Those diverse ideas include QAnon screeds, vaccine misinformation, and other content deemed beyond the pale even for YouTube.

Rumble has recently tried to expand its reach by striking deals with former Democratic Party presidential candidate Tulsi Gabbard and journalist Glenn Greenwald to bring them onto the platform. Still, the right is primarily responsible for much of Rumble’s recent success. The platform has reportedly seen its membership skyrocket over the last year as provocative commentators and their audience flocked to the program under the alleged threat of takedown from more mainstream platforms. Pavlovski claims the site’s active users increase from 1 million to 30 million between the summers of 2020 and 2021, the Washington Post notes.

This isn’t Trump’s first parley with Rumble. The former president turned to the site back in June as the platform of choice for his own personal account after being banned from Facebook, Twitter, YouTube, and pretty much anywhere else of mainstream relevance online. That decision irked the cadre of other far-right friendly platforms, most notably Gab, which had spent the first half of 2020 all but begging Trump to enter their camps. Trump only chose Rumble after euthanizing his own personal blog, which crashed and burned in less than a month after being launched.