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Digital World: Diminished Opportunity

 

  • Digital World Acquisition SPAC agrees to a settlement with the SEC costing a civil fine of $18 million.
  • The deal with Trump Media and Truth Social appears close to actually closing after a painful period in purgatory.
  • DWAC stock at an ~$3.8 billion valuation is vastly overvalued for the diminished opportunity in the social media space.
While Digital World Acquisition Corp. (NASDAQ:DWAC) appears poised to settle with the SEC in a plan to allow the SPAC deal to finally close, Truth Social is still struggling to make any real business progress. The

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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