The SEC simply revealed an investigation into the plans for a particular objective acquisition firm (SPAC) named Digital World Acquisition Corp. to merge with Trump Media & Technology Group (TMTG) and begin buying and selling on the NASDAQ, so what’s subsequent for the burgeoning social media/media large?

Naturally, TMTG has just announced a splashy new rent as its CEO, recruiting Congressman Devin G. Nunes. Nunes is a supporter, and defender of Trump who served on the House Intelligence Committee because it investigated allegations Russia helped the Trump marketing campaign throughout the 2016 election. Yes, that’s additionally “I sued Twitter for letting Devin Nunes’ Mom and Devin Nunes’ Cow insult me” Devin G. Nunes.

The congressman plans to depart the U.S. House of Representatives — the place redistricting may have made his current seat tough to hold onto — and take over his new function in January. In a press release, the person named in a lawsuit claiming this cow account induced him “extreme pain and suffering” says, “The time has come to reopen the Internet and allow for the free flow of ideas and expression without censorship.”

As CEO of TMTG, he can be answerable for the upcoming social media platform Truth Social, moving into the faux sneakers of Jack Dorsey (or, extra precisely, Parag Agrawal). That’s along with TMTG+, which the corporate says is a subscription-based video service filled with “non-woke entertainment, news, documentaries, podcasts and more.”

According to TMTG chairman Donald Trump, “Congressman Devin Nunes is a fighter and a leader. He will make an excellent CEO of TMTG. Devin understands that we must stop the liberal media and Big Tech from destroying the freedoms that make America great. America is ready for TRUTH Social and the end to censorship and political discrimination.”

In October, Truth Social was cited by Mastodon for reusing the mission’s open supply code with out together with the required notifications and publishing no matter tweaks it made in order that the neighborhood may gain advantage. Since then, PC Mag identified that Truth Social has acknowledged its open-source roots and posted some code. However, the bundle accessible doesn’t seem to incorporate any of the “proprietary” code operators stated the positioning will use

While asserting the merger between DWAC and TMTG, the businesses indicated Truth Social would have a “Beta Launch for invited guests” in November.