Posted on 12/06/2021 11:07:09 AM PST by devane617
Regulators are looking into the deal that would bring Donald Trump’s new social media company to the stock market, one that has attracted both legions of fans of the former president and people looking to make a quick profit.
The company partnering with Trump Media & Technology Group acknowledged the inquiries in a filing it made with regulators on Monday. It also gave some financial forecasts for the company, which is hoping to rival Twitter and other platforms that banned Trump, along with Netflix and other streaming video services. It said over the weekend that it’s lined up $1 billion in promised investments from a group of unnamed institutional investors.
The regulatory questions focus on the October announcement by Trump’s media venture that it would merge with Digital World Acquisition Corp. That company had launched on the U.S. stock market three weeks earlier with the sole purpose of finding a privately held company to buy. It’s often referred to by its trading symbol of “DWAC.”
DWAC said Monday that it is cooperating with “the preliminary, fact-finding inquiries” by the the Securities and Exchange Commission and the Financial Industry Regulatory Authority.
(Excerpt) Read more at apnews.com ...
Of course it is.
The same Biden goons also went after Project Veritas for posting info about Ashley Biden’s diary where she wrote about showering with her father at 12 yrs old
zzzzzzzzzz....blowhards
I’m really shocked. It’s like the bureaucraptic DS has something against him or something.
— Donald Trump
Of course there is no “looking” into Hunter Biden’s criminal activity.
and who still believes re-electing people like Mitch McConnell or Charlie Baker will stop the massive, bloated, highly-political Fed.gov from getting ever-more ideological and tryannical?
The Goya Foods phenomenon.
Oh, here we go. Its never ending.
The big problem with having a gazillion laws and regulations is that they can always find you guilty of something, if they really want to.
No surprise there. Like everything else they investigate with Trump, they will find nothing but the headlines make for good red meat for the left and also ticks off the right as well....which is the point of a lot of this stuff
Not surprised at all.
I’d like to hear from the principled conservatives who wailed that if you don’t like Twitter, build your own.
All political.
You can always count on stoopid liberals to get even more stoopid. This only helps Trump and company—free advertising!
More proof our so called government hates conservatives. They aren’t even trying to hide it anymore.
FJB!
Thankfully, Charlie Baker has announced that he is NOT running for re-election as governor of Massachusetts.
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