'This is weird and murky.' Trump SPAC deal values firm at more than $10 billion despite red flags
CNN
Former President Donald Trump's new media venture has no known revenue or product.
Trump Media & Technology Group (TMTG) posted an investor presentation last week that appears to contain errors and seems to have been partially copy copied and pasted from the internet. Bizarrely, one slide defines a user as a "sales representative who travels to visit customers," a definition that makes little sense given that this is a media company, not a sales platform.
TMTG's incoming CEO, Republican Congressman Devin Nunes, has no business experience in technology or social media. And federal regulators are investigating the deal to bring the media venture public.
More Related News