|Bid||13.02 x 1400|
|Ask||13.25 x 900|
|Day's range||12.88 - 13.00|
|52-week range||12.34 - 43.85|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Here is your Pro Recap of the biggest news out of hedge funds and company top brass you may have missed this week. Katherine Chiles was appointed as the CFO of Digital World Acquisition (NASDAQ:DWAC), a blank-check company that is set to merge with the media and technology firm of former U.S. President Donald Trump. In October 2021, Trump's newly formed media company, Trump Media & Technology Group, announced a deal to go public by merging with Digital World.
The development comes after Digital World in March ousted Chief Executive Patrick Orlando, saying that due to "unprecedented headwinds faced by the company" the board had agreed to select a new management team. Chiles was previously a senior financial analyst for Total System Services, a payment solutions provider, and has worked for ING Americas. In October 2021, Trump's newly formed media company, Trump Media & Technology Group, announced a deal to go public by merging with Digital World.
Donald Trump's arraignment in New York calls into question how much support he will garner as he looks to campaign for re-election in the 2024 presidential race. How the Republican party responds right now is “extremely important,” says Allan Lichtman, American University Distinguished History Professor. Republicans have “somehow suggested that because Donald Trump is a former president, that he is entitled to special privilege...Donald Trump can huff and he can puff, but he's not going to blow the courthouse down,” says Lichtman. The former president faces charges stemming from an investigation into a hush money payment to cover up affairs. Trump will be charged with 34 felony counts when appearing before the judge inside the Manhattan Criminal Courthouse on Tuesday afternoon. For more on the implications of Trump’s legal battle, watch Yahoo Finance’s Brad Smith and Jared Blikre's full interview with Allan Lichtman here.Key video moments: 00:00:30 Quote on fairness of the law 00:01:14 Republican party tone on Trump's charges
Yahoo Finance Live anchors Brad Smith and Jared Blikre discuss the decline in stock for Digital World Acquisition Corp (DWAC).
Shares of Digital World Acqusition Corp. move higher following headlines of former President Donald Trump's indictment by a grand jury.
Shares of Digital World Acquisition Corporation (NASDAQ: DWAC) were moving higher today after former President Donald Trump was indicted yesterday by a New York grand jury. Digital World Acquisition is the special purpose acquisition corporation (SPAC) that's set to merge with Trump's social media network, Truth Social, and investors seem to be betting that the indictment and expected trial will bring increased attention to the platform. As a result, Digital World stock was up 5.5% as of 1:19 p.m. ET.
Donald Trump becomes the first former U.S. president to face criminal charges after a NY grand jury moved to indict him relating to an alleged hush money payment to cover up affairs. The former president’s indictment is “potentially destabilizing one way or the other” for markets, says The Bulwark Editor-At-Large, Bill Kristol. In addition to this unprecedented indictment, Trump still faces multiple other major investigations such as the Jan. 6 riot and the handling of White House documents. Kristol says two things are known, “one thing we know is there will be several indictments. The second thing we know, is we don't know what’s exactly going to be in them…I think we're in a time of pretty real uncertainty going forward.”You can watch Yahoo Finance's Brad Smith and Jared Blikre's full interview with Bill Kristol and Greg Valliere here. Key video moments:00:00:10 Market reaction to Trump indictment 00:00:19 Potential market impacts
Earlier this month, Digital World revealed that it had received a notice from the exchange over non-payment of some dues which could lead to a potential de-listing. Digital World has already been facing delays in closing the deal to take Truth Social public due to investigations on whether the Trump-backed company broke securities regulations.
Digital World Acquisition (NASDAQ:DWAC), fired Patrick Orlando from his positions as Chairman and CEO of the company, according to the Wednesday filing. Orlando, who, together with his other company ARC Global Investments, owns 10% of DWAC, remains a director of the company. Eric Swider, another director, was appointed to serve as interim chief executive while the board works on executing a final succession plan.
(Reuters) -Digital World Acquisition Corp, a blank-check firm that is set to merge with former U.S. President Donald Trump's media and technology company, said on Wednesday it had ousted Chief Executive Patrick Orlando. “Due to the unprecedented headwinds faced by the Company, the Board agreed it was in the best interest of its shareholders to select a new management team to execute an orderly succession plan and set strategic operating procedures for the Company in this new phase,” the company said in a news release. In October 2021, Trump’s newly formed media company, Trump Media & Technology Group (TMTG), announced a deal to go public by merging with DWAC.
Here are three top political stories investors should know this week.
Former President Trump posted on Facebook for the first time since being banned in the wake of the Jan. 6 attack on the Capitol.
"The company has elected to file an appeal of this matter, pay the corresponding fee, and plans to pay any fees the Hearing Department determines are due," Digital World said in a filing. Digital World has already been facing delays in closing the deal to take Truth Social public due to investigations on whether the Trump-backed company broke securities regulations and the departure of top executives.
Meta's offer to let Trump back on Facebook and Instagram is a clever move that puts Trump in a very uncomfortable corner.
Shares of special purpose acquisition company (SPAC) Digital World Acquisition Corp. (NASDAQ: DWAC) have dropped 13% for the week as of noon ET on Thursday, according to data provided by S&P Global Market Intelligence. This is the SPAC trying to merge with Truth Social -- a social media platform associated with former U.S. President Donald Trump.
Yahoo Finance Live anchor Seana Smith reports on the latest news surrounding Digital World Acquisition Corp.
Digital World Acquisition Corp. (Nasdaq: DWAC) secured extension to close merger with Trump’s Truth Social DWAC CEO Patrick Orlando spoke to IPO Edge moments before Shared views on Twitter vs. […]
Digital World Acquisition (DWAC) shareholders finally got an answer on the blank check company's effort to delay their merger with former President Donald Trump’s social media firm.
NEW YORK (Reuters) -Investors in the blank-check acquisition company that plans to merge with former U.S. President Donald Trump's social media firm on Tuesday voted to approve an extension of the time Digital World Acquisition Corp has to complete a deal. After several delays, enough shareholders agreed to give DWAC until September 2023 to finalize its plans, handing a victory to DWAC and its chief executive Patrick Orlando who had spent months trying to woo shareholders into voting. DWAC shares jumped on news of the approval and were trading at $23.42, up 8.60% after the meeting was ended.
With former President Donald Trump reinstated, but silent, on Twitter, the world is wondering about the future of his rival social media platform – Truth Social. For a timely take, IPO Edge and The […]
IPO Edge and The Palm Beach Hedge Fund Association will host a 30-minute fireside chat on Tuesday, Nov. 22 at 11:30 a.m. ET with the CEO of Digital World Acquisition Corp. (Nasdaq: […]
Yahoo Finance Live’s Brian Sozzi discusses the decline in Digital World Acquisition Corp. stock following former President Trump’s announcement he will run for president in 2024.
(Reuters) -Shares of companies tied to former U.S. President Donald Trump reversed course to fall on Wednesday, following a recent rally in the run-up to him launching a bid to regain the presidency in 2024. Trump made the announcement on Tuesday, aiming to preempt potential Republican rivals, a week after midterm elections showed that the party had failed to win as many seats in Congress as it had hoped. Shares of Digital World Acquisition Corp, the blank-check company looking to take Trump's social media venture Truth Social public, fell 4.8% in early trading.