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Devin Nunes Retired from Congress, Becomes CEO of Trump’s Media Company

Representative Devin Nunes will retire from Congress to take over as chief executive officer at Donald Trump’s new social media company.

In a statement late Thursday, Trump Media & Technology Group said California Republicans would join the company in January.

Nunes also emailed her constituents on Thursday, saying, “I have recently been given a new opportunity to fight for the most important issues that I believe in. I am writing this letter to let you know that I have decided to pursue this opportunity, and therefore I will leave the House of Representatives at the end of 2021.”

Nunes was a strong supporter of Trump while he was president and served as chairman of the House Intelligence Committee. He will head the powerful House Ways & Means Committee if Republicans win control of the House in next year’s midterm elections. The 10-term MP faces a tougher path to re-election in 2022, as a preliminary redistricting map would give Democrats an advantage in his Central California district.

In a statement on Thursday, Trump called Nunes “a fighter and a leader. He will become an excellent CEO of TMTG. Devin understands that we must stop the free media and Big Tech from destroying the liberties that make America great.”

In 2019, Nunes sued Twitter Inc.
TWTR,
+ 5.70%
,
claimed $250 million and claimed that the company allowed its users – including parody accounts like “Devin Nunes’ Cow” – to smear him. A Virginia judge bring a lawsuit in 2020, Twitter ruled was covered by Section 230 of the Communication Etiquette Act of 1996 – protections that Trump and his allies seek to abolish.

Early Monday, Acquiring Digital World
DWAC,
-2.58%

– a special-purpose acquirer looking to take Trump Media & Technology Corporation public – said it faces regulatory investigations of the Securities and Exchange Commission and the Financial Industry Regulatory Authority on its proposed merger.

Read more: The SEC Has Some Questions For Trump SPAC

After sinking in normal trading, DWAC stock jumped more than 9% in after-hours trading, Nunes announced.

Source link Devin Nunes Retired from Congress, Becomes CEO of Trump’s Media Company

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