DWAC, which planned to take Trump's media company public, is being probed by federal authorities.
Digital World Acquisition Corp., the publicly traded blank check company that planned to merge with former president Donald Trump's social media company, fired its CEO.
DWAC cited "unprecedented headwinds" that necessitated a leadership change in order for the company to enter a "new phase."Follow your favorite stocksFormer US president Donald Trump announced plans on October 20 to launch his own social networking platform called "TRUTH Social," which is expected to begin its beta launch for "invited guests" next month.
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