Trump’s App Truth Social Deal Goes Under Investigation as Digital World Acquisition Faces Subpoenas
The company planning to buy Donald Trump's new social media business has disclosed a federal grand jury investigation that, it says, could impede or even prevent its acquisition of the Truth Social app.Shares of Digital World Acquisition dropped 10 percent in morning trading on Monday as the company revealed that it has received subpoenas from a grand jury in New York.The Justice Department subpoenas follow an ongoing probe by the Securities and Exchange Commission into whether Digital World broke rules by having…