Digital World Acquisition Corp., the blank check company seeking to buy Truth Social parent company TMTG, on Wednesday disclosed that it has fired chairman and CEO Patrick Orlando. (Axios)
Orlando will remain as a director for the company. He and his other company ARC Global Investments, each own 10% of DWAC. The DWAC board appointed Eric Swider, another director, to serve as interim chief executive while the board works on executing a final succession plan. (CNBC)
Advertisement