A federal criminal investigation into former President Donald Trump’s media company Trump Media has expanded to include potential money laundering violations linked to an $8 million loan with Russian ties, the Guardian reported Wednesday, potentially further threatening the ex-president’s media company and its planned merger with special purpose acquisition company Digital World Acquisition Corp (DWAC).
Short sellers target Trump stock vehicle DWAC
In the wake of news that Twitter (TWTR) is going private on Tesla (TSLA) CEO Elon Musk’s $44bn (£35.1bn) takeover, the biggest loser could be former US President Donald Trump’s alternative social media platform, Truth Social.