DWACU https://www.marketwatch.com/investing/stock/dwacu
Born on 9/3/2021 Stock price $10.17
DWACW https://www.marketwatch.com/investing/stock/dwacw
Born on 9/30/2021 Stock price $0.51
DWAC https://www.marketwatch.com/investing/stock/dwac
Born on 9/30/2021 Stock price $10.50
It's not that their immune, it's that they didn't completely fuck themselves.
When you DRS from fidelity, your transfer goes through, when you transfer from other agents, they can't find the stock.
Fidelity might be the company that absorbs a lot of financial institutions when they fail.
That is an interesting point. The problem is that all the companies fates are intertwined. They own each other’s shares to the point where they all might as well be one big mega corporations, and fidelity did not escape this umbrella.