DEVIN NUNES/ELIZABETH WARREN/SOCIAL MEDIA: “Donald Trump’s plan to launch ‘Truth Social’, a special purpose acquisitions backed social media company, early next year may have hit a roadblock after US regulators issued a request for information on the deal on Monday.
The request from the SEC and the Financial Industry Regulatory Authority for information from Digital World Acquisition Corp (DWAC), a blank-check SPAC that is set to merge with Trump Media & Technology Group, comes as a powerful Republican congressman, Devin Nunes, announced he was stepping out of politics to join the Trump media venture as CEO…
It comes three weeks after Democratic Senator Elizabeth Warren asked the SEC to investigate possible securities violations at the company… It also comes as the launch of the Trump media venture failed to meet a November deadline to release an invitation-only beta version of the platform.”
-Edward Helmore, “Trump’s social media platform hits roadblocks as major political battle looms,” theguardian.com, December 7, 2021