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Axios
Axios
Business

Government expands investigation into Trump's social network deal

Donald Trump DWAC Truth Social

Federal securities regulators have expanded their investigation into the planned merger between a blank check acquisition company and former President Trump's social media business, known as Truth Social, according to a Monday morning filing with the SEC.

Why it matters: Truth Social's financial prospects are heavily reliant on investment tied to the merger, which may never come to pass.

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