Trump social media firm subpoened by feds, stock regulators

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Trump social media firm subpoened by feds, stock regulators
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Donald Trump’s social media company and some of its employees received subpoenas from a federal grand jury in New York and securities regulators, according to a public disclosure.

FILE - In this July 24, 2021, file photo former President Donald Trump speaks to supporters at a gathering in Phoenix. The company planning to buy Donald Trump’s new social media business disclosed Monday, June 27, 2022 that it has received subpoenas from a grand jury in New York. Shares of Digital World Acquisition Corp.

NEW YORK — Donald Trump’s social media company and some of its employees received subpoenas from both a federal grand jury and securities regulators, according to a public disclosure Friday, possibly delaying or even killing a deal promising a cash infusion needed to take on Twitter.

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