but thats none of my business meme money

McDonald’s was probably hoping for viral success, though perhaps not by way of disturbing faux-deaths. They often dump the shake over their convulsing bodies, apparently signaling that Grimace, that bumbling bestie of Ronald McDonald, killed them. Since the debut of the Grimace shake earlier this month, TikTok users have been excitedly ordering the shake, released in honor of McDonald’s character Grimace’s “birthday,” and then pretending to die on camera after consuming the purple beverage.

What the company likely did not intend was for the shake’s success to come from TikTok users playing dead. CNN Sans ™ & © 2016 Cable News Network.With a vibrant purple hue, a meme-able mascot and limited window of availability, McDonald’s had all the ingredients to turn its Grimace milkshake into a viral sensation. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account According to the indictment, the investors allegedly made more than $22 million by illegally trading on knowledge that DWAC would purchase TMTG - before it was public knowledge. Last month, federal prosecutors arrested three investors on insider trading charges related to Digital World’s deal with Trump’s media company. Neither DWAC nor TMTG immediately responded to requests for comment. The SEC said it also found that Digital World failed to disclose that its CEO had a potential conflict of interest with TMTG based on a previous agreement he signed with the company.

SPACs are often used as a way for private companies to go public without the time-consuming and expensive process of raising money through a traditional initial public offering.ĭWAC agreed to a cease-and-desist order and to pay an $18 million penalty if it closes a merger transaction. Grewal, director of the SEC’s Division of Enforcement.Ī SPAC, also known as a blank-check company, is a shell company that debuts on the public market with the stated intent to acquire an existing private company. “In the context of a SPAC – a ‘blank-check’ entity without business operations – these disclosure failures are particularly problematic because investors focus on factors such as the SPAC’s management team and potential merger targets when making financial decisions,” said Gurbir S. In a statement, the SEC called the filings by DWAC “false and misleading.”

However, the SEC alleges that DWAC had held talks with Trump’s team long before that, despite DWAC stating in a previous SEC filing that none of its officers or investors had any discussions with potential acquisition targets. Nearly two years ago, TMTG announced that it would merge with Digital World, which is a special purpose acquisition company, or SPAC. The SEC said Digital World Acquisition Corporation (DWAC) violated anti-fraud laws by failing to disclose to investors that it was actively pursuing a merger deal with Trump Media & Technology Group (TMTG), which owns the social media site Truth Social, before it went public. The Securities and Exchange Commission announced Thursday that it settled with the blank-check company seeking to merge with former President Donald Trump’s media company.

But thats none of my business meme money