Trump Media Merger Partner DWAC Fires CEO, Citing ‘Unprecedented Headwinds’

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Digital World Acquisition Corp., the blank-check company that has proposed merging with Donald Trump’s media company, said it fired chairman and CEO Patrick Orlando. On March 19, the company&…

the Guardian reported that federal prosecutors had investigated $8 million in payments to Trump MediaMeanwhile, Trump is the subject of a separate federal grand jury proceeding in Manhattan that is investigating the ex-president’s role in a hush-money payment to porn star Stormy Daniels just prior to the 2016 presidential election. That could result in Trump’s indictment and arrest.

Trump Media & Technology Group, led by CEO Devin Nunes, operates Truth Social, which is now the former president’s preferred social media platform. In announcing Orlando’s termination, Miami-based DWAC said board member Eric Swider has been appointed interim CEO effective immediately. Swider has served on DWAC’s board since September 2021. He has been serving as CEO of Rubidex since January 2020, a software development start-up focused on data security.

 

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