Federal authorities are investigating a surge in trading that preceded the announcement of a $300 million deal with the former president’s media company.
Tag Archives: Digital World Acquisition Corp.
Trump’s Social Network Deal Under Grand Jury Scrutiny
A federal grand jury in Manhattan has issued subpoenas regarding the merger, which is also under investigation by financial regulators.
Why Elon Musk Is a Problem for Trump’s Truth Social
The Tesla chief’s plan for a Twitter takeover adds to the problems facing the former president’s nascent social media network.
Donald Trump’s Glitchy, Snaggy Social Media Rollout
The ex-president’s much-touted Truth Social app fails to dazzle.
Trump’s Truth Social Is Poised to Join a Crowded Field
Truth Social, the former president’s hard-right alternative to Twitter, could open its doors next month. But as businesses go, outrage may not be the best moneymaker.
Trump Deal Faced Widespread Investor Doubt Before Raising $1 Billion
More than a dozen big Wall Street money managers said no to Trump Media, but the Pentwater and Sabby hedge funds are among those that have committed millions.
Former Insider at the Company Merging With Trump Media Sues Over ‘Brazen’ Fraud
A prospective investor in Digital World Acquisition Corp., a special purpose acquisition company that is merging with President Donald J. Trump’s social media start-up, says he was removed from a slate of board nominees without warning and deprived of shares he was owed.
Before Trump’s SPAC Deal, a Strange Surge in Trading
Trading in the merger partner’s warrants, which allow holders to buy shares later, spiked several times before the Trump Media agreement was made public.
Trump’s Media Company Investigated Over SPAC Deal
A financing company told investors that it wasn’t in deal talks, weeks after its C.E.O. held a private videoconference about a possible deal with Donald Trump.
Spurned by Twitter, Trump will attempt to build his own version.
The former president will attempt to build his own version of the social media giant.