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Digital World Acquisition Corp., the blank-check company looking to take Trump Media and Technology Group public, has changed its listed address to a UPS Store in Miami.
The change from a Miami office building to a UPS address came with DWAC's regulatory filing on Friday disclosing that some investors pulled out tens of millions of dollars.
The company said it had lost $138.5 million of the $1 billion in financing from private investors in public equity, also known as PIPE, to fund Trump Media after the merger. The contractual obligation for those investors to contribute to former President Donald Trump's media company after the deal had expired last Tuesday, allowing them to pull their funding.
One of the former private investors told CNBC that it pulled financing from DWAC because of the many legal obstacles facing the company. The investor, who declined to be named due to the sensitive nature of the matter, was also underwhelmed by the popularity of Trump Media's Truth Social app as measured by Donald Trump's follower counts.
Trump had more than 80 million followers on Twitter. On Truth Social, which he founded after he was banned from Twitter following the Jan. 6, 2021, Capitol insurrection, he has 4.1 million. The app is also currently barred from the Google Play store.
Representatives from DWAC did not immediately respond to a request for comment.
After DWAC failed to garner enough shareholder support to extend its deal deadline earlier this month, CEO Patrick Orlando contributed $2.8 million from his company Arc Global Investments II to push back the deadline to December.
The merger delay comes as Trump Media and DWAC are the subject of a Securities and Exchange Commission probe into whether alleged discussions between the two companies prior to the merger violated securities laws.
Trump himself is also the subject of multiple investigations, including civil allegations of fraud from New York's attorney general, as well as criminal investigations relating to the removal of sensitive documents from the White House, his involvement in the Jan. 6 Capitol insurrection and attempts to influence the outcome of the 2020 presidential election.
DWAC's address change was first reported by the Financial Times.
Shares of DWAC were trading around $17 after hours Monday, down significantly from their $97 peak in March of this year.
#us politics#news#cnbc#digital world acquisition corp#Trump Media and Technology Group#donald trump#ups#Patrick Orlando#truth social#Arc Global Investments II#Securities and Exchange Commission#financial times
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traditional vs digital marketing
There are many ways to capture the audience's attention. Marketing is one of the most fundamental things in a business, as it helps obtain people's attention. There are two methods of marketing. One is traditional marketing, a classical type of marketing, and the other is digital marketing, a modern type of marketing. Traditional marketing has been evolving for ages, while digital just got in a few years ago. Both are good in their way, as they both have pros and cons. Therefore, choosing between both is entirely dependent on the people and the businesses that want to use it.
What is Traditional Marketing?
Traditional marketing encompasses the marketing methods that can be used without the internet. These are the methods that have been around for decades and are typically used less often now. However, they’re not without their strengths.
Common traditional market methods include:
Directly mailed postcards, coupons, and informational packets
Television or radio commercials
Newspaper or magazine ads
Billboards and fliers
Telephone calls and text notifications
We see and hear many of these ads every day just by listening to the radio on the way to work or even looking out the window at the billboards as we go by. They’ve become a part of daily life.
Why Traditional Marketing?
Traditional_Marketing_vs_Digital_Marketing_1
Traditional marketing vs. digital marketing is always one of the most spoken topics. Traditional marketing is defined as marketing that does not need the internet for advertisement purposes. This method has been evolving for a very long time, for decades. However, due to technological advancements, its usage is very limited.
We hear and see many ads daily on the television, in the newspaper, or on the radio while casually starting our daily routine. When we go out, we can see such marketing ads on flyers all over the street. We could also notice huge banners of film ads on every street. Those film ads are also one type of marketing. It helps the movie production company to capture the attention of the people that walk across the street. Therefore, there are ads and banners everywhere in all the nations.
The languages may differ depending on the country or the region. For example, if we take Mumbai, the ads might be in both English and Hindi. So, that is how traditional marketing works. Its main objective is to attract humans in every possible way without using the internet.
For many businesses, traditional marketing strategies work better depending on the type of company they own. Their target audience would prefer the traditional one when it comes to traditional marketing vs. digital marketing.
Traditional marketing is a very effective type of marketing if one wants to reach the older population. Many reports and surveys prove that people over 50s watch TV and read newspapers twice the time compared to the people in their 20s and 30s.
It is a very useful type of marketing if one wants to establish or develop a business or a firm with the assistance of a larger local audience. Small businesses grow better using flyers and billboards all across the street. It is because it can attain the attention of a local audience who reside in the city.
One huge advantage of traditional advertisements is that they get played repeatedly. But in digital marketing, people can skip them easily.
What is Digital Marketing?
Digital marketing strategies evolve quickly because of trends and new technology. These strategies include those that require the use of the internet or smartphones. They haven’t been around as long as traditional methods, but they certainly pack a punch.
Common digital marketing methods include:
Website content
Email campaigns
Content marketing
Social media posts
Clickable ads
Affiliate marketing
Search engine optimization (SEO)
These strategies are very popular today because of consumers’ frequent usage of the internet and mobile devices. According to DataReportal, there are 4.95 billion active internet users in the world and 4.62 billion active social media users. With numbers that high, marketing online and through social media makes a lot of sense.
In this fast-moving world, a lot of new technologies have evolved. Digital marketing strategies are one among them. Nowadays, people can do marketing using the internet and smartphones from the comfort of their homes. These strategies are not physical, so they cut out the transportation, inventory, and other related expenses.
Due to the frequent usage of social media and the internet in general, these strategies are growing worldwide. According to DataReportal, it has been proven that 4.62 billion people use social media and 4.95 billion people utilize the internet in general.
Therefore, it makes so much sense to advertise over the internet rather than on any television or magazine.
Due to the current technological developments, digital marketing methods and strategies will always continue to evolve no matter what. There are enormous ways to do this marketing. Since they are modern, it is essential to have maximum knowledge regarding current technologies and advancements. They use the latest tactics.
There are a plethora of benefits of digital marketing over traditional marketing. Given below are some of them:
It is simple to track audience involvement and collect their data for future use. It will enhance the algorithm of the company's website. You can easily obtain the information when someone uses your site, follows you on social media, or messages you regarding queries.
Businesses can advertise their services for free on many platforms. It is possible to send and receive emails without involving any cost. But in traditional strategies, it will involve a lot of money to print and send individual postcards.
Because digital marketing has a wider scope, it will help businesses acquire a global audience's attention.
ways to do digital marketing
Social media marketing: Social media marketing is getting widely popular among the youths. Many businesses and startups advertise their work in the form of posts, videos, and stories on all social media platforms.
Email marketing: It is one type of digital market where businesses send electronic mail to the target audience.
Content marketing: It helps advertise in the form of storytelling to the users.
PPC - Pay-per-Click: These are paid advertisements. They only stay on the web for a shorter period. Once you stop paying, it will be gone.
Mobile marketing: Provides advertisements on smartphones, laptops, and tablets for the target audience.
SEO - Search Engine Optimization: SEO is the most common type of digital marketing used in many organizations. Its main objective is to show the business on the top while searching it on the web. However, it also needs customers' support to get high ranks.
Affiliate marketing: Includes advertising a product or a service with the help of a well-known influencer or a celebrity. The major reason companies do it is to improve their brand name.
Forms of Traditional Marketing
The following are some of the traditional marketing methods:
Television commercials: One method of traditional marketing is broadcasting advertisements using TV commercials. There are millions of ads that benefit due to this form of marketing.
Radio commercials: Radios played a vital role in the late 20th century. People who could not afford television opted for radios and CD cassettes those days. There are many different varieties of advertisements that could be broadcasted with the assistance of radios.
Flyers: Many companies and businesses are still printing flyers to promote their services. Flyers are also called handouts.
Billboards: Billboards contain pictures of the advertisement. They are usually found on the highways. Mostly, billboards are placed by top companies and businesses to promote their services.
Magazine and newspaper ads: Newspaper magazines acted as one of the finest sources of obtaining information regarding anything. There are tons and tons of ads posted every day.
Telephone and SMS marketing: These mostly include phone calls and text messages of advertisements for various businesses and their services.
Referral: Referral is when the organization asks its employers and customers to recommend their products and services to their friends and family or neighbors.
Direct mail: Many businesses mail their ads in postcards or notices to the people in the company's target area or city.
Pros and Cons of Traditional Marketing
When comparing traditional marketing vs. digital marketing, traditional methods are often viewed as outdated or irrelevant. However, many of these tactics are still useful and effective today.
Depending on the business and target audience, traditional marketing methods may be the better choice. To help discern if traditional marketing is right for your business, here are some pros and cons.
Pros
If you want to reach an older demographic, traditional marketing can be very effective. It has been reported that audiences ages 50+ spend almost twice as much time reading the newspaper and watching TV as compared to those ages 21-34.
This type of marketing strategy usually works best for businesses looking to build a larger local audience. A small business would be better off competing for attention through billboards, flyers, and events rather than trying to compete for digital space against larger businesses.
TV or radio commercials will play multiple times and remind the audience of the business, whereas digital marketing items may be skipped through or blocked (e.g., clicking “I don’t want to see this” on social media ads, or skipping through ads before YouTube videos).
Cons
Printing postcards to send out even to just a local audience can be expensive, and there is no guarantee that the recipient is interested in your business or the product/service you offer.
Traditional marketing methods can take weeks or months to yield results and data. You can’t tell when someone has read your newspaper ad unless they decide to follow-up. Even then, without a survey, you won’t know if the ad was the reason for the follow-up.
Pros and Cons of Digital Marketing
Digital marketing strategies are always evolving with new technology and trends like voice search and social media usage. These strategies include the most modern and latest tactics. But, as with traditional marketing, there are some areas where digital marketing thrives and others where it doesn’t.
Pros
Data and audience involvement can be tracked instantly. When someone clicks on a link to your site, reads an email, or follows you on social media, you have that information immediately. You can draw numerous insights from this data, including which type of content works best for a specific audience, which mediums are the most effective, and even what time of day receives the best engagement.
Digital marketing strategies incur a much lower cost. Sending out an email campaign can save a lot of money compared to printing individual postcards and paying for postage on each.
It works well for more global or scattered audiences because of the broad scope of digital marketing.
Cons
Some internet users have ad blockers, so they’ll never see pop-ups or banner ads. Other times, ads can be skipped or removed if a user pays for premium services (e.g., Spotify, Hulu, Twitch).
Because new technology and trends emerge so frequently, digital marketing tactics need to be evaluated and reevaluated for effectiveness continually what works well one day may be irrelevant the next. However, this can be combatted with a strong foundation in digital marketing basics.
Digital Marketing vs. Traditional Marketing: What’s the Difference?
When it comes to marketing, there are two main types: digital marketing and traditional marketing. But what’s the difference? Digital marketing refers to any form of marketing that takes place through digital channels, such as the internet, email, or mobile devices. It’s become increasingly popular in recent years due to the proliferation of digital devices and the rise of online networking. Traditional marketing, on the other hand, refers to any form of marketing that takes place offline, such as print advertisements, television commercials, or radio ads. It’s still a popular method of marketing, especially for larger businesses with more resources.
Which One is Better?
So, which strategy wins when comparing traditional marketing vs. digital marketing?
The short answer: it depends.
The long answer:
Digital marketing is probably the best option for most. If you want to reach a particular group of people, wherever they may be, while keeping costs low, go with digital marketing. Doing so will also allow you to collect valuable information on your audience immediately so that you can create even more effective marketing campaigns.
However, there is still a place for traditional marketing. If you want to reach an older audience or a local audience, traditional marketing methods may be more productive and stand out better than digital marketing methods. Though these methods may seem “old,” the reality is that they’ve stuck around for a reason. They work!
When considering which marketing strategy is best for your business, consider your audience, where they get their information from, and use that to make your decision. When deciding between traditional marketing vs. digital marketing, it’s not necessarily true that one is simply better than the other as they serve different purposes. The bottom line is that you need to fully understand your business and your audience to pick the strategy that’s better for you.
Which Type of Marketing Should You Use?
Digital marketing is generally more cost-effective and can be more targeted, while traditional marketing can be more effective at reaching a larger audience. It’s important to consider your budget and target market when deciding which type of marketing to use.
Ultimately, the best type of marketing is the type that best suits your business and your goals.
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Trump-linked SPAC adjourns meeting for three hours to continue vote on merger delay
Trump-linked SPAC adjourns meeting for three hours to continue vote on merger delay
This illustration photo shows Donald Trump’s new social media app Truth Social, glitching on a smartphone in Los Angeles, February 21, 2022.
Chris Delmas | AFP | Getty Images
Digital World Acquisition Corp., the SPAC aiming to take former President Donald Trump’s media company public, adjourned its shareholder meeting by another three hours to allow voting to continue on delaying the merger.
The…
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Trump media company gets subpoena in federal criminal probe of SPAC deal
Trump media company gets subpoena in federal criminal probe of SPAC deal
Former U.S. President Donald Trump gives the keynote address at the Faith & Freedom Coalition during their annual “Road To Majority Policy Conference” at the Gaylord Opryland Resort & Convention Center June 17, 2022 in Nashville, Tennessee.
Seth Herald | Getty Images
Donald Trump’s media company was subpoenaed by a federal grand jury in connection with a criminal probe, according to the company…
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#Breaking News: Business#Business#business news#Crime#Digital World Acquisition Corp#Donald Trump#Grand jury#Media#Mergers and Acquisitions#Politics#SEC#Social media#Subpoenas#Twitter Inc#U.S. Capitol riot
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🤢🤮
#truth social#digital world acquisitions Corp#crooked donald#traitor trump#Devin Nunes#republican assholes#traitor#maga morons
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DWAC Stock Price Prediction 2023, 2025, 2030, 2035, 2040, 2045, and 2050
The stock market is always an unpredictable roller coaster of highs and lows, and predicting the stock price of a company can be an even more daunting task. As technology advances, digital companies are becoming more prominent in the stock market and investors need to be aware of trends and forecasts in order to make informed decisions. For this reason, many are asking: what will be the stock price of DWAC (Digital World Acquisition Corp.) in 2023, 2025, 2030, 2035, 2040, 2045, and 2050? In this blog post, we will explore the current stock trends of DWAC, analyze past predictions, and present our own forecasts for DWAC’s stock price in the years ahead. We’ll look at the company’s past performance and current strategies to provide a comprehensive overview of the stock's future outlook. By the end of this blog post, readers should have a better understanding of the future of the company and its stock price, allowing them to make better informed decisions. Read more
#DWAC (Digital World Acquisition Corp.) Stock Price Prediction 2023#2025#2030#2035#2040#2045#and 2050#banking#stock market#loan#finance#nft#moneymol#DWAC Stock Price Prediction 2023
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Trump's Truth Social stock soars in first day of trading
Donald Trump’s social media platform Truth Social (DJT) surged more than 50% in its first day of trading on the Nasdaq Tuesday morning.
Shares of Trump Media & Technology Group, Truth Social’s parent company, were trading above $75 under the ticker symbol “DJT,” Trump’s initials, just after the market open.
The company merged with special purpose vehicle Digital World Acquisition Corp. (DWAC) in…
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#Digital World Acquisition Corp.#Donald Trump#DWAC#parent company#social media apps#transferring shares#Truth Social
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Shares of former President Donald Trump’s social media company fell precipitously Monday after the company revealed its latest financial results, predictably well below what a typical multibillion-dollar company would deliver.
Trump Media’s stock (ticker $DJT for Trump’s initials) tanked 25% by early afternoon, trading at about $46 per share, a roughly 40% drop from its $79 peak set last Tuesday on its first day as an independently traded public company.
Trump, who owns 78.5 million shares in Trump Media, about 57% of all outstanding shares, accordingly had his stake in the social media venture slide from its peak of $6.25 billion to Monday’s $3.64 billion.
Monday’s freefall came after Trump Media unveiled its full-year 2023 results for the first time, revealing full-year revenues of $4.1 million on a net loss of $58.2 million, with fourth-quarter sales of roughly $750,000.
The uninspiring results for Trump Media, whose primary offering is the conservative social media platform Truth Social, reveal just how rich the company’s $6 billion market capitalization is compared to other public companies. Trump Media’s 1,470 price-to-sales ratio, which compares a company’s total valuation to its last 12-month sales, is exponentially higher than social media peers Reddit and Snap’s respective 9 and 4 price-to-sales ratios. Though Trump Media is a young company with the theoretical potential to dramatically scale its business, many experts classify it as a meme stock whose rise compares to the 2021 surges from the likes of AMC and GameStop. Trump Media went public last week via a reverse merger with Digital World Acquisition Corp. first announced more than two years ago, and its shares jumped as much as 40% in its debut on the Nasdaq stock exchange.
Forbes Valuation
Trump’s net worth has more than doubled since the completion of his social media company’s merger with Digital World, sitting at $5.6 billion even after sinking more than $1.2 billion Monday.
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There’s never quite an end to legal maneuvering in Trumpworld, and the latest issue involves the ex-president’s social media company.
Trump, already embattled by damning testimony in hearings before the Jan. 6 Select Committee and criminal and civil investigations in New York and Georgia, might also have to worry about his Twitter knockoff, Truth Social. USA Today reports that Trump and several others close to him, including his son Donald Trump Jr. and a former White House aide, all removed themselves from Truth Social’s board shortly before subpoenas were handed down from the Securities and Exchange Commission and a federal grand jury in New York seeking information about the company’s operations.
Trump started Truth Social last year as an alternative to Twitter, from which he was banned for repeatedly breaking the platform’s policy on spreading false information, specifically about the 2020 election and the Jan. 6 insurrection. But that’s not why the SEC and potentially federal prosecutors are interested in the company.
From USA Today:
The investigations appear to be related to a proposed merger between Trump’s media company and a blank-check company called Digital World Acquisitions Corp., according to a recent regulatory filing.
Digital World is a special purpose acquisition company, or SPAC. Companies such as these raise money to go public with the intent of finding a company to merge with. SPACs are prohibited from finding a partner before going public, but the SEC is investigating potential talks between the two companies that were possibly premature, according to a filing.
The merger between the two companies could reportedly mean $1.3 billion in capital and a listing on the stock exchange for the new company, according to the New York Times.
Truth Social was promoted by Trump as a Twitter alternative for those who didn’t want their content filtered and moderated—in other words, Twitter with even fewer pesky rules to keep trolls in line. A recent article in Forbes described it in less flattering terms, calling it “a political ad campaign in the guise of an open platform for discussion.” The platform has a reported roughly 2 million users, compared with Twitter’s 300 million active accounts.
#us politics#news#the root#truth social#donald trump#donald trump jr.#twitter#2022#Securities and Exchange Commission#USA Today#Digital World Acquisitions Corp#house select committee#captiol riot investigation
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Trump SPAC deal at risk as merger deadline approaches
Trump SPAC deal at risk as merger deadline approaches
Former US president Donald Trump announced plans on October 20 to launch his own social networking platform called “TRUTH Social,” which is expected to begin its beta launch for “invited guests” next month.
Chris Delmas | AFP | Getty Images
The fate of the planned merger between former President Donald Trump’s media company and the shell company aiming to take it public – and give it an infusion…
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Elon Musk would lose 13.5 million Twitter followers if he scraps most spam accounts; Justin Bieber would lose 27.6 million, data finds
Elon Musk would lose 13.5 million Twitter followers if he scraps most spam accounts; Justin Bieber would lose 27.6 million, data finds
Elon Musk would lose about 13.5 million Twitter followers, if he pushes through his plan to get rid of most spam accounts, according to data crunched by CodeClan, a Scottish digital skills academy.
The Tesla Inc.
TSLA,
-3.84%
CEO on Tuesday gave up a legal battle and agreed to pay $44 billion to take over the social-media company. Musk has said he wants less than 5% of…
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#acquisitions#Acquisitions/Mergers/Takeovers#article_normal#arts#Arts/Entertainment#C&E Executive News Filter#C&E Industry News Filter#celebrities#Content Types#corporate#Corporate Actions#Corporate crime#Corporate Crime/Legal Action#Corporate/Industrial News#Crime#Crime/Legal Action#Digital World Acquisition Corp. Cl A#DWAC#Entertainment#Factiva Filters#General news#industrial news#Internet#Internet/Online Services#legal action#Lifestyle#living#Living/Lifestyle#Media#Media/Entertainment
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Donald Trump Set to Potentially Get $3.5B Windfall After Shareholders Approve Truth Social Merger
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The Trump pump and dump.
April 8, 2024
Back in October 2021, we reported on Donald Trump's scam social media platform, Truth Social ("The Don's latest con"). At the time, we referred to it as a "garden-variety stock swindle" to defraud investors. Now, after years of lawsuits and SEC investigations, Trump Media & Technology Group (the owners of Truth Social) has finally merged with Digital World Acquisition Corp., a publicly traded shell company. Recently listed on the stock exchange as DJT, Trump's social media company is turning out to be exactly the con job we told you it was.
After surging to $78 a share at its market debut on March 26, Trump Media stock (supposedly valued at $8 billion) began dropping rapidly, with its price per share down to $40.55 by the close of last Friday. In other words, the company's stock lost more than 40% of its original value in about a week and a half. The sell-off accelerated when SEC filings revealed that Trump Media lost $58.2 million in 2023, with interest expenses totaling more than $39 million, while generating total revenues of a mere $4.1 million.
That huge interest liability was because, prior to the merger with DWAC, Truth Social was only kept afloat through millions in loans from a shady Russian-American money launderer named Anton Postolnikov. The filing also included a disturbing note from an independent accounting firm, Colorado-based BF Borgers CPA PC, warning that Trump Media's "operating losses raise substantial doubt about its ability to continue as a going concern."
Meanwhile, two Truth Social co-founders sued Don the Con for diluting the value of their ownership when he increased the number of shares in the company from 120 million to one billion. Naturally, he's countersuing in retaliation. At the same time, two other individuals connected to Trump Media pled guilty to insider trading, admitting they had advance knowledge of the merger from which they personally profited.
Why would anyone invest in such an obvious flimflam? John Rekenthaler, vice president for research at Morningstar, a financial services group, likens the company's stock to a cryptocurrency.
Bitcoin owners are members of a club. So, too, are Trump Media investors, to an even greater degree. For them, DJT shares represent a currency by which they can express their beliefs and commitment.
The idea was for Trump to make a ton o' cash by peddling puffed-up stock to the gullible MAGA rubes. But under the merger agreement, he's restricted from dumping his own shares for six months. And by then, they'll probably be next to worthless.
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Is Donald Trump's Truth Social Headed To The Stock Market? It Comes Down To A Vote.
NEW YORK (AP) — Donald Trump’s return to the stock market could be right around the corner.
All eyes are on a vote scheduled for Friday by shareholders of Digital World Acquisition Corp., a publicly traded shell company that is looking to merge with the former president’s media business. The deal’s approval would open the door for Trump Media & Technology Group, whose flagship product is the…
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