BREAKING: Devin Nunes is Resigning from Congress to Take a Big Position for Trump
"Donald Trump's social media startup on Saturday announced that it secured $1 billion in new investment"...
Rep. Devin Nunes (R-CA) is resigning from Congress to take a big position for Donald Trump's new media company, Disclose reported on Monday.
"Devin Nunes to resign from Congress in the coming weeks to become CEO of Trump’s media company," Disclose reported.
"Donald Trump's social media startup on Saturday announced that it secured $1 billion in new investment as part of its ongoing efforts to become publicly traded via a blank check company," Axios reported on Saturday.
"None of the investors were identified, which is highly unusual for this sort of transaction,"Axios commented.
"TMTG and blank-check company Digital World Acquisition Corp. said that 'subscription agreements for $1 billion in committed capital' would be received from an unknown group of investors once TMTG and Digital World are combined," the Hill also reported.
"Trump Media & Technology Group still has not named a CEO, although the former President is listed as chairman, and does not plan to publicly launch any products until early next year," Axios noted.
That vacancy is being filled, along with the announcement that Congressman Devin Nunes is retiring from Congress to become the CEO of Trump's media company.
Donald Trump earlier announced that he is launching a new social media platform called TRUTH social.