Word of Trump's Social Media Deal Said to Have Leaked Months in Advance -NYT

Reuters2022-07-19

Employees at a Miami investment firm had learned of a pending merger deal between former President Donald Trump's social media company and a blank-check entity, long before it was announced, the New York Times reported on Monday, citing three people familiar with the discussions.

Officials of the firm, Rocket One Capital, at the time talked about ways to profit off the soon-to-be-announced transaction with Trump Media & Technology Group by investing in the SPAC, Digital World Acquisition Corp, the NYT reported, citing two of the people.

Federal prosecutors and regulators are now investigating the merger, including the frenzied trading in the SPAC's warrants, the report said, citing people familiar with the investigation and public disclosures.

Trump Media & Technology Group, the creator of social media platform Truth Social, agreed to merge with Digital World on Oct. 20 and the deal was expected to close by the second half of this year.

Digital World shares soared as much as 350%, a day after the deal was made public.

Trump Media and Rocket One Capital did not immediately respond to Reuters' requests for comment.

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Comments

liverpool777
2022-07-19
liverpool777
Good sharing
Mindthink
2022-07-19
Mindthink
Ok
Bash
2022-07-19
Bash
Like pls, thank you
PCK
2022-07-19
PCK
Ok
陈河马
2022-07-19
陈河马
Wow
Jaackkass
2022-07-19
Jaackkass
Like

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