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Donald Trump Controls a Publicly Traded Company. Now He Will Pick Its Regulator.


Published on 2024-12-10 07:21:04 - ProPublica
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  • There have been internal concerns that Trump Media could be misleading investors, a source said. But with its largest shareholder about to be president, experts doubt the SEC is up to the job of investigating Truth Social's parent company.

The article from ProPublica discusses Donald Trump's relationship with the media and his new social media platform, Truth Social. It highlights how Trump has historically used media attention to his advantage, often through controversial statements and actions. The piece delves into the launch of Truth Social, which aims to provide a platform for free speech as Trump perceives it, free from what he considers the biases of mainstream social media. However, the platform has faced numerous challenges including technical issues, low user engagement, and regulatory scrutiny. Specifically, the article mentions that Trump Media & Technology Group (TMTG), the company behind Truth Social, is under investigation by the Securities and Exchange Commission (SEC) for potential securities law violations related to its merger with a special purpose acquisition company (SPAC). This scrutiny adds to the complexities of Trump's venture into social media, reflecting his ongoing battle with regulatory bodies and his attempt to maintain influence through alternative media channels.

Read the Full ProPublica Article at:
[ https://www.propublica.org/article/donald-trump-media-truth-social-sec-securities-exchange-commission ]