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Susquehanna International Group

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business1 year ago•1 min saved

"Billionaire GOP Donor's Stake in Trump's Truth Social Deal Raises Concerns"

Billionaire GOP megadonor Jeff Yass's firm, Susquehanna International Group, was the largest institutional shareholder of Digital World Acquisition Corp., which merged with Trump Media & Technology Group, owner of Truth Social. Yass's firm owned a 2% stake worth about $22 million, but it's unclear if they still hold those shares. Yass is also a major shareholder in ByteDance, the owner of TikTok, and was expected to donate to a group backing Trump, though he denies ever donating to Trump or having plans to do so.

via Yahoo! Voices|

#business #digital-world-acquisition-corp #jeff-yass

business1 year ago•1 min saved

"Trump Media Merger: GOP Donor's Influence on Truth Social Launch"

Billionaire Wall Street financier and Republican megadonor Jeff Yass, a major investor in the parent company of TikTok, was also the biggest institutional shareholder of Digital World Acquisition Corp., which recently merged with former President Donald J. Trump’s social media company. Yass's trading firm, Susquehanna International Group, owned about 2 percent of Digital World, worth about $22 million, and it's unclear if they still hold those shares. Susquehanna stated that it has zero economic interest in Trump Media, and regulatory filings show the firm used offsetting securities to minimize its gains or losses in the stock.

via The New York Times|

#business #digital-world-acquisition-corp #jeff-yass