Photographer: Chris Delmas/AFP/Getty Images. From Axios(.com)."Trump SPAC [special purpose acquisition company] shares plunge on grand jury subpoena news"
Paul R. La Monica for CNN Business; July 27, 2022.
https://www.cnn.com/2022/06...rand-jury/index.html"Trump's social media company gets subpoenaed"
Dan Primack for Axios; July 1, 2022.
https://www.axios.com/2022/...pany-gets-subpoenaedFederal securities regulators and a federal grand jury in New York are investigating possible securities law violations.
The federal investigation continues to expand and could delay or prevent Trump's Media & Technology Group venture ("Truth Social") from going public.
| | | quote | | Trump started Truth Social in October 2021 after being kicked off of Twitter, Facebook, and many other social media websites for his role in egging on insurrectionists [sic] at the US Capitol [Building] on ["Jan 6."] The company, led by former US Congressman Devin Nunes, has been plagued with technical problems, staff turnover, and a low user base. |
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"Trump’s 'Truth Social' just got a criminal subpoena over its dubious SPAC deal"
Scott Nover for Quartz; July 1, 2022.
https://qz.com/2184555/dona...l-receives-subpoena/Oh, did I mention that Trump's social media venture, a Twitter-like app, conceived to make up for Trump's having been banned from Twitter, just got hit with a federal subpoena?
