US Regulators Probe Donald Trump's Social Media Deal
NDTV
The companies, once merged, say they plan to launch the social media platform "TRUTH Social" nationally early next year, hoping to rival services like Twitter, which banned Trump over the January US Capitol riot.
US regulators are scrutinizing a deal between Donald Trump's fledgling social media company and an investment vehicle to bring the former president's venture to the stock market, documents showed Monday.
The companies, once merged, say they plan to launch the social media platform "TRUTH Social" nationally early next year, hoping to rival services like Twitter, which banned Trump over the January US Capitol riot.
Digital World Acquisition Corp (DWAC), which is partnering with Trump, reported in a filing to US markets watchdog the Securities and Exchange Commission that it received "preliminary, fact-finding inquiries from regulatory authorities, with which it is cooperating."
Digital World, already listed on Wall Street, announced in late October it would merge with Trump Media & Technology Group (TMTG), allowing the ex-president's venture to be listed without the usual procedures.
