Trump media venture eyed by regulators; Rep. Nunes to be CEO

Published December 6, 2021 4:26 PM

By STAN CHOE and BERNARD CONDON
Associated Press

NEW YORK (AP) — Donald Trump’s new social media venture says Congressman Devin Nunes, Republican from California, will leave Congress to become the company’s chief executive in January. Earlier Monday, the blank-check company that aims to take Trump Media & Technology Group public acknowledged that two regulatory agencies are scrutinizing the deal. Digital World Acquisition, which is often referred to by its trading symbol of “DWAC,” said it is cooperating with “the preliminary, fact-finding inquiries” by the Securities and Exchange Commission and the Financial Industry Regulatory Authority.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.