Rep. Devin Nunes, a controversial San Joaquin Valley Republican, is leaving Congress to lead a social media company created by former President Trump.
“I will deeply miss being your congressman,” Nunes said in a message to his constituents.
Shortly after he sent the note, the Trump Media & Technology Group announced that Nunes would be its chief executive officer beginning in January.
LA Times
And he's off to a good start.
The deal between a special purpose acquisition company (SPAC) and former President Donald Trump's new social media company is being investigated by the US Securities and Exchange Commission and other regulators, according to a report filed with the SEC that was first reported by the New York Times.
According to the document from Digital World Acquisition Corp. (DWAC) — the
SPAC
that intends to merge with Trump's new media venture, Trump Media & Technology Group Corp. (TMTG) — the SEC has requested documents about meetings of the SPAC's board of directors, "policies and procedures relating to trading," identification of certain investors, and copies of communication between DWAC and TMTG.
Trump first announced on October 20 that he was launching a new social media company, "TRUTH Social," under the auspices of TMTG.
[...]
The company noted that neither FINRA nor the SEC had found any indication of wrongdoing, and the company said it was cooperating with both agencies.
Business Insider
...but hey, do what you want...you will anyway.
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