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Top related persons:
Donald Trump - 1 Michael Klausner - 1
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Truth - 1 CNBC - 1 Trump Media & Technology Group - 1 Trump - 1 TMTG's - 1 Acquisition Corporation - 1 Investors - 1 Stanford Law School - 1

Search resuls for: "Michael Klausner"


5 mentions found


☆ How Truth Social could make former President Trump billions before turning a profit
  + stars: | 2024-07-24 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com   time to read: +2 min
Truth Social is a social media platform whose majority owner is former President Donald Trump. The public has limited access to Truth Social's usage data, which drives advertising sales, a key metric for success at Truth Social. Truth Social's parent company, Trump Media & Technology Group, is the product of a blank-check merger with a special purpose acquisition company, or SPAC, which was completed in March 2024. Securities and Exchange Commission filings for Trump Media & Technology Group mention a variety of risks, including that it could potentially fail to live up to its promise to generate users and advertisers. Watch the video above to learn more about Truth Social and its parent company, Trump Media & Technology Group.
Persons: Donald Trump, Michael Klausner Organizations: Truth, CNBC, Trump Media & Technology Group, Trump, TMTG's, Acquisition Corporation, Investors, Stanford Law School, Securities, Exchange, Trump Media & Technology, Social
☆ 3 big questions about the state of Goldman Sachs heading into its second-ever investor day
  + stars: | 2023-02-28 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
All eyes are on 200 West Street in lower Manhattan today, the global headquarters of Goldman Sachs and site of the bank's second-ever investor day. Goldman's first investor day, in 2020, included plenty of discussion about the importance of building out its consumer bank. Will new details emerge regarding the asset and wealth management division that show the business is heading in the right direction? Goldman's asset and wealth management division will likely get plenty of attention today. Speaking of David Solomon... Goldman's CEO appeared on a recent episode of the bank's podcast, "Exchanges at Goldman Sachs."
☆ Michael Klausner, the SPAC boom's chief naysayer, is trying to prevent another frenzy for good
  + stars: | 2023-02-27 | by ( Darius Rafieyan | ) www.businessinsider.com   time to read: +6 min
Stanford Law professor Michael Klausner is suing a SPAC sponsor, claiming it misled investors. Michael Klausner, the Stanford Law professor who has become the chief critic of the SPAC boom, remembers the exact moment he realized SPACs were broken. It was 2017 – way before the investment vehicles took off in 2020 – and he was teaching a class on business transactions at Stanford Law School. In addition to getting all their money back with interest, they also get 20% of the final public company. Klausner was thrust into the role of being the SPAC boom's resident Cassandra, warning of calamity but never taken seriously.
☆ Meet Michael Klausner, the Stanford law professor who is the biggest critic of the SPAC deal craze — and believes its crash was 'completely predictable'
  + stars: | 2022-09-23 | by ( Sindhu Sundar | Stephanie Palazzolo | ) www.businessinsider.com   time to read: +7 min
Many SPAC deals announced last year have been having a hard time closing. Now, the dismal fates of dozens of SPAC deals announced during last year's SPAC frenzy seem to vindicate his analysis. And others this year, like men's grooming brand Manscaped, SeatGeek, the live event ticket search engine, and business news outlet, Forbes, have all scrapped their SPAC deals to go public. Klausner has been paying attention to SPAC deals for a few years. Of the 275 deals announced in 2021, 240 have closed, according to Dealogic data.
☆ SPACs are running out of time to close dozens of deals with startups that hoped to go public. Here's why they're being delayed and may not get done.
  + stars: | 2022-08-22 | by ( Sindhu Sundar | Stephanie Palazzolo | ) www.businessinsider.com   time to read: +5 min
SPAC mergers announced last year have yet to close and are up against the clock. In 2021 alone, they raised nearly $163 billion, and 275 merger deals were announced, according to data from Dealogic. Several SPAC mergers are now in limbo, among them embattled mortgage startup Better.com, fintech company Aspiration, and crypto startup Bullish, which all announced their SPAC mergers more than a year ago. Those price tags are no longer reliable as they've become outdated, adding an extra challenge to securing financing to close deals during a downturn, experts said. Deadlines to close SPAC mergers can vary depending on the lifespan of the blank-check company in question, but typically range from a year to two years.
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