Trump-backed blank-check firm Digital World ousts CEO Patrick Orlando

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Digital World’s merger with Trump Media & Technology Group is now in doubt amid investigations by the Justice Department and the Securities and Exchange Commission, which have delayed its…

to September 2023. Around that time, DWAC’s chief financial officer and two independent directors left.Challenges for both DWAC and TMTG, which operates the Truth Social app, have continued this year.

TMTG’s founders launched the company as a way for Trump to connect with his followers after he was cut off from major social media platforms following the Jan. 6, 2021, attack on the US Capitol by his followers.But Trump has now returned to the platforms from which he was ousted.Meta reinstated Trump’s Facebook and Instagram accounts earlier this year.

 

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