Our new book is titled Divided We Stand: The 2020 Elections and American Politics. Among other things, it discusses the impact of social media.
The special purpose acquisition company taking former President Donald Trump's social media startup public is under investigation by federal regulators, the company said Monday.
Rep. Devin Nunes (R-Calif.) separately announced Monday he was resigning from Congress and would become CEO of the new firm, Trump Media & Technology Group, in January. Nunes, a close Trump ally, is the top Republican on the House Intelligence Committee.
The SPAC, Digital World Acquisition Corp., said in a public filing that it had received inquiries in recent weeks from the Securities and Exchange Commission and the Financial Industry Regulatory Authority. SPACs are shell companies that acquire private firms for the purpose of selling shares on stock exchanges.
Aside from social networks, conservatives are pushing to create alternatives to other tech tools and communication platforms.
- Book publishing: Trump allies recently launched a book publishing house called Winning Team Publishing, run by former Trump campaign aide Sergio Gor and Donald Trump Jr. The imprint will publish the ex-President's first book, a coffee table tome that's picture-focused.
- Cloud storage: Trump's new social media company will be hosted online by RightForge, an internet infrastructure company that courts conservatives. As Axios' Margaret Harding McGill notes, relying on a conservative web hosting service could help Trump avoid the same issues Parler faced when Amazon pulled its web services following the Capitol siege.
- Crypto: A new cryptocurrency called "Magacoin" has already caught the attention of high-profile conservatives, per The Guardian.
- Phones: A young Bitcoin entrepreneur is developing a "Freedom phone," a device being marketed to conservatives.
