Right-wing firebrand U.S. Rep. Marjorie Taylor Greene (R-Ga.) invested up to $50,000 in a company that will fund the creation of a new social media platform led by former President Donald Trump, according to a public disclosure that shows she purchased the stock near the height of its massive surge.
Greene purchased between $15,001 and $50,000 worth of Digital World Acquisition Corp. (DWAC) stock Friday, according to the disclosure.
DWAC, a special purpose acquisition company, is planning to merge with a new firm called the Trump Media and Technology Group to create a social media platform called TRUTH Social, which is billed as a “rival to the liberal media consortium.”
After the announcement of the new platform last week, the share price of DWAC surged more than 17 times, peaking at $175 on Friday morning.
The price quickly dropped from that high, closing at $94.20 on Friday, before sinking further this week—it was trading around $60 early Wednesday afternoon.
WASHINGTON — John Eastman, the former Trump lawyer who wrote memos arguing then-Vice President Mike Pence could overturn the 2020 election, has dropped his lawsuit that tried to block the House Jan. 6 committee from getting his call logs. Eastman’s lawyers said in a filing in U.S. District Court for the District of Columbia on Tuesday night that…
Associated Press-Patrick Semansky In a file photo, Virginia “Ginni” Thomas, wife of Supreme Court Justice Clarence Thomas, arrives to watch Amy Coney Barrett take the Constitutional Oath on the South Lawn of the White House in Washington, Monday, Oct. 26, 2020. The attorney for Ginni Thomas, the wife of Supreme Court Justice Clarence Thomas, said…