When It Comes To Truth Social, (Most) Republicans In Congress Aren’t Buying What Trump’s Selling

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Forbes

Entrepreneurship, Business News, News, Business

4.8 • 6 Ratings

🗓️ 17 April 2024

⏱️ 7 minutes

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Summary

Many Republicans in Congress have no problem giving Donald Trump their political support or spending donor money at his hotels, golf clubs and resorts. But when it comes to using their own funds to back his latest venture, Trump Media & Technology Group, barely any of them want anything to do with it. Read the full story on Forbes: https://www.forbes.com/sites/zacheverson/2024/04/07/when-it-comes-to-truth-social-republicans-in-congress-arent-buying-what-trumps-selling/ Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi everybody I'm Brittany I'm Brittany Lewis with Forbes breaking news
0:05.6	joining me now is my Forbes colleague staff writer Zack Everson
0:09.0	Zach everson.
0:09.3	Zach, thanks so much for joining me.
0:10.8	Thanks for having me on again, Brittany.
0:14.0	Of course, as we all know, Donald Trump is the presumptive GOP presidential nominee
0:19.2	and his party has largely coalesced around him in terms of support.
0:23.6	But you're reporting that not many are backing his latest venture,
0:27.0	only two members of his own party who are lawmakers,
0:30.2	bought shares of Digital World, the SPAC that merged with Truth Social's parent company.
0:34.8	So what can you tell us?
0:37.1	Yeah, this was really surprising.
0:38.8	Shortly after the merger went through and Trump media started trading on the stock market. I was curious, how many
0:46.4	members of Congress own this? So they do have to file financial disclosures that information
0:50.7	is there. It's a little bit tough to find to look up by a particular stock, but there are a bunch of companies out there that will put this on the web where they will go through and pull out all the data and you can look through them. So I went to those websites I typed in digital world
1:04.0	acquisition corporate symbol DWAC and I found just two members of Congress who would
1:08.7	would purchase it and who are these members of Congress?
1:13.0	They are Representative Larry Bouchon of Indiana, who I'm sure most people have not heard of.
1:20.0	And the other one is Representative Marjorie Taylor Green, who I suspect most people watching this have heard of.
1:25.0	So let's start with her.
1:27.0	Congresswoman Marjorie Taylor Green did buy some stock in Digital World.
1:31.0	How much and when? It was somewhere between 15 and 50,000
	...

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