Rep. Devin Nunes to leave Congress to become Trump media company CEO

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And it has attracted curiosity from exterior traders. In October, a special-purpose entity referred to as Digital World Acquisition Corp. stated it had agreed to merge with Trump’s enterprise, a transfer that might give the newly fashioned Trump firm a public inventory itemizing. Afterward, the inventory worth of Digital World shot up from $10 to $94, as retail traders purchased the inventory. On Saturday, Trump’s firm stated it had secured $1 billion of extra cash from non-public traders, which the corporate would obtain after its merger with Digital World goes by way of.