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Grand Jury Subpoenas Could End Trump’s Plans for Truth Social

Gizmodo LogoGizmodo1 mo ago

Grand Jury Subpoenas Could End Trump’s Plans for Truth Social

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If the Southern District of New York sounds familiar, that’s probably because the Manhattan district attorney, a former prosecutor in the Southern District, has his own criminal investigation into Trump ongoing.

Following its fillings on Monday, Bloomberg noted DWAC dropped 10%, falling to its lowest levels since the TMTG merger deal was first announced.

A new round of grand jury subpoenas threatens to upend former President Donald Trump’s plan of taking the company behind Truth Social public through a special purpose acquisition company (SPAC).


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Article Details

Author / Journalist: Mack DeGeurin

Category: Technology

Topics: Donald trump Truth social Palm beach florida The trump organization Business finance Law crime Trump media technology group Economy of the united states Gary stein Digital world acquisition corp Industry economics Business career of donald trump Dwac Special purpose acquisition company Businesspeople

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-27, 18:04:00

News Timezone: GMT -5:00

News Source URL: gizmodo.com

Language: English

Reading Time: 3 minutes read

Article Length: 538 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 16653

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About Gizmodo

Main Topics: Technology

Official Website: gizmodo.com

Update Frequency: 28 posts per day

Year Established: 2002

Headquarters: United States

News Last Updated: 15h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #30

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