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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
While news articles could on some occasions be a means to impact and empower news readers, they needed to work more consistently __as a means of advancing these extrajournalistic agendas.__
The Currency of Truth
Emily H. C. Chua
This “we care about publishers!” dance is a staple of Silicon Valley. Apple briefly promised to save the news business with the iPad, convincing publishers around the world to build bespoke tablet magazines before mostly abandoning that project. Facebook remains in a perpetually whipsawing relationship with the media, too: it will promote stories in the News Feed only to later demote them in favor of “Meaningful Social Interactions,” then promise publishers endless video eyeballs before mostly giving up on Facebook Watch.
Google AMP: How Google Tried to Fix the Web by Taking It Over - The Verge
theverge.com
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