Share values for Trump's 'Truth' social media venture down after grand jury subpoena (Page 1/1) rinselberg JUL 01, 11:30 PM Photographer: Chris Delmas/AFP/Getty Images. From Axios(.com). "Trump SPAC [special purpose acquisition company] shares plunge on grand jury subpoena news" Paul R. La Monica for CNN Business; July 27, 2022. https://www.cnn.com/2022/06...rand-jury/index.html "Trump's social media company gets subpoenaed" Dan Primack for Axios; July 1, 2022. https://www.axios.com/2022/...pany-gets-subpoenaed Federal securities regulators and a federal grand jury in New York are investigating possible securities law violations. The federal investigation continues to expand and could delay or prevent Trump's Media & Technology Group venture ("Truth Social") from going public. quote Trump started Truth Social in October 2021 after being kicked off of Twitter, Facebook, and many other social media websites for his role in egging on insurrectionists [sic] at the US Capitol [Building] on ["Jan 6."] The company, led by former US Congressman Devin Nunes, has been plagued with technical problems, staff turnover, and a low user base. "Trump’s 'Truth Social' just got a criminal subpoena over its dubious SPAC deal" Scott Nover for Quartz; July 1, 2022. https://qz.com/2184555/dona...l-receives-subpoena/ Oh, did I mention that Trump's social media venture, a Twitter-like app, conceived to make up for Trump's having been banned from Twitter, just got hit with a federal subpoena?