Donald Trump’s Social Media Agreement Was Spied on Months Ahead of Time: Report

Truth Social’s developer, Trump Media & Technology Group, consented to a merger with Digital World.

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According to the New York Times on Monday, which cited three people involved with the conversations, employees at a Miami investment business were aware of a potential merger proposal between the social media company of former President Donald Trump and a blank-check corporation long before it was publicised.

Rocket One Capital representatives discussed methods to make money off the soon-to-be-announced deal with Trump Media & Technology Group at the time by investing in the SPAC, Digital World Acquisition Corp, according to the NYT, which cited two of the people.

According to the article, which was based on information from both public disclosures and persons involved with the inquiry, federal prosecutors and regulators are currently looking into the merger, particularly the irrational trading in the SPAC’s warrants.

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The merger between Trump Media & Technology Group and Digital World, the company that founded the social media platform Truth Social, was set to go through by the middle of this year.

A day after the deal’s disclosure, shares of Digital World shot up by as much as 350%.

Reuters’ requests for comment from Trump Media and Rocket One Capital were not immediately fulfilled.