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But I think the real reason is that DWAC probably couldn’t have done this deal without lying. It’s not just that DWAC lied in its prospectus by saying it hadn’t had discussions with TMTG when it had. If it had told the truth — if it had said “we’re a SPAC that’s raising money to take Trump Media & Technology Group public” — it wouldn’t have been allowed to do its offering in the first place. A SPAC is supposed to be a blank-check company without any particular private company to take public. If you are raising money to take one particular company public, that’s not a SPAC. That’s just a regular initial public offering. You don’t just file for a blank check; you file for an initial public offering, with all of the regular disclosure about the company’s business and finances.
The APEs Can Be Saved
bloomberg.com
In conversation things can be metabolized and digested through somebody else—I say something to you and you can give it back to me in different forms—whereas you’ll notice that your own mind is very often extremely repetitive. It is very difficult to surprise oneself in one’s own mind. The vocabulary of one’s self-criticism is so impoverished and clichéd. We are at our most stupid in our self-hatred.
Paris Review - The Art of Nonfiction No. 7, Adam Phillips
archive.is
IF SOMEONE SELLS YOU STOCK AT YOUR BID PRICE, LOWER YOUR BID AND OFFER SLIGHTLY: IF SOMEONE IMMEDIATELY “HITS YOUR BID,” THEN YOU MIGHT WORRY THAT YOUR BID WAS ACTUALLY TOO HIGH AND YOU COULD’VE PAID LESS.
The Only Crypto Story You Need, by Matt Levine
bloomberg.com
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