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former US President Donald Trump no longer director Trump Media and Technology Group (TMTG)a media group that develops its own social network TrueSocial.
Agency Reuters reported on the basis of a document from Companies Division State Department Floridathat the former president was removed from the post of head of the board of directors TMTG in June. This came weeks before the company received federal advisories from both Security and Exchange Commission like a grand jury Manhattan.
The document in question has a date of issue June 8 and shows how Donald Trump which Kashyap Patel they were removed as directors of the company.
Social truth in trouble?
Although he is no longer the head Trump Media and Technology Groupofficial account TruthSocial on his own platform, he tried to calm the supporters of the businessman and the politician, pointing out that Donald Trump is still on the TMTG board of directors.. However, the social network did not provide further statements on this matter.
TMTG agreed to merge with a blank company Digital World (DWAC.O) in October and the deal was expected to close in the second half of 2022.
Challenges for TMTG and Donald Trump’s Social Network
The company received a notice from Securities Market Commission (SPK) USA last 27th of June and one more Federal Jury for the Southern District of New York in 30 of Juneas noted in the regulations published last week.
The truth is TMTG is not going through the best moment, because, in addition to TrueSocial there were problems during its launch in iphone as evidenced by the resignations Josh Adams D Billy Boozer, AFTERBIRTH. and Regulator financial industry investigated their merger with DWAC.O because the the final 2021. On June 13, Digital World reported that the SEC had requested more information about the deal.
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Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.