Former President Donald Trump has chosen Congressman Devin Nunes (R-Calif.) To be CEO of his new media and technology company, Trump Media & Technology Group.
Nunes will step down from Congress and become CEO of TMTG in January. He was one of Trump’s closest allies in Congress during his presidency and was a frequent critic of tech companies.
The hiring of Nunes comes as Trump’s company faces an SEC investigation into its discussions with Digital World Acquisition Company, the SPAC that TMTG plans to merge with in order to go public.
However, PSPC also raised $ 1 billion in PIPE funding to go along with its nearly $ 300 million IPO, forming a significant war chest for Nunes as the company develops its first product, a service similar to Twitter called Truth Social. The company also plans to launch a subscription streaming service run by Scott St. John, a veteran game show producer.
Truth Social is supposed to be a social network that doesn’t discriminate or censor, but the hiring of Nunes is sure to raise eyebrows, given its aggressive litigation strategy. Nunes sued Twitter for parody accounts (Trump’s DOJ even sued Twitter for the accounts), and he sued multiple media outlets, including CNN, for defamation.
Trump, in a statement, said Nunes “understands that we must stop the liberal media and the big techs from destroying the freedoms that make America great.”
“The time has come to reopen the Internet and allow the free flow of ideas and expression without censorship,” Nunes added in a statement Monday. “The United States of America has made the Internet dream come true and it will be an American company that will restore the dream.”
