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Trump media venture faces new questions, expanding investigation
This investigation will be fun to watch
Link to tweet
https://www.msnbc.com/rachel-maddow-show/maddowblog/trump-media-venture-faces-new-questions-expanding-investigation-rcna33511
Last fall, Donald Trump and his team launched the Trump Media & Technology Group, which appeared to have bold, multimedia ambitions: It said it intended to compete with both Twitter and Netflix. To that end, the operation even hired a high-profile CEO: Former House Intelligence Committee Chairman Devin Nunes, despite his lack of media experience, announced he’d resign to lead the nascent company.
It hasn’t exactly been smooth sailing. As regular readers know, the Twitter-like Truth Social app was plagued by technical difficulties and missed deadlines. Some top executives’ resignations made matters worse.....
As we discussed late last year, the Republican ended up working with a dubious Chinese operation, all of which apparently drew the interest of investigators at the SEC and the Financial Industry Regulatory Authority (FINRA), which typically investigates things like insider trading.
This scrutiny appears to be intensifying. Axios reported yesterday:
It hasn’t exactly been smooth sailing. As regular readers know, the Twitter-like Truth Social app was plagued by technical difficulties and missed deadlines. Some top executives’ resignations made matters worse.....
As we discussed late last year, the Republican ended up working with a dubious Chinese operation, all of which apparently drew the interest of investigators at the SEC and the Financial Industry Regulatory Authority (FINRA), which typically investigates things like insider trading.
This scrutiny appears to be intensifying. Axios reported yesterday:
Federal securities regulators have expanded their investigation into the planned merger between a blank check acquisition company and former President Trump’s social media business, known as Truth Social, according to a Monday morning filing with the SEC.... The Securities and Exchange Commission is investigating communications between the blank check company, called Digital World Acquisition Corp., and Trump. Of particular interest would be if the two sides negotiated prior to DWAC going public, which would have been illegal.
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Say it isn't so.
Amazing how he continues to make money while everything he touches dies. 