There are merely a hand full of posters on this board that realize DWAC is SPAC. With the sole purpose of taking its Target Company Truth Social from a private company to a public trading company through a business combination merger. All Spaces have a set value of $10.00 per share, which is the needed amount of money in order to complete the merger once it’s approved by the SEC. Everything over the $10.00 share price is more attractive (a bonus) and is actually icing on a cake, or lipstick on a pig. Most SPAC stocks never make it to $20/share prior to their merger. After the merger is when the operating company can launch and become a big deal as a publicly traded stock. Until then it’s just a shell.$Digital World Acquisition Corp(DWAC)$
Wall Street is battling to determine the future of work from homeNew York (CNN Business)Big banks like to stick together on major policy decisions. But as Wall Street grapples with heading back-to-work, a rare chasm is growing between the finance giants. The implications of these choices, and the resulting stratification of policies will likely ripple through the world of finance and out to Main Street in the coming months. Citigroup's chief executive Jane Fraser announced in March 2021 that the majority of the company's 210,000 employees will be allowed to go hybrid with three days in the office and two days at home each week. UBS made similar plans last month with the launch of their Virtual Worker Framework that will allow some US employees to work 100% remotely. Goldman Sachs, Bank of