Rep. Marjorie Taylor Greene (R-GA) could be out thousands of dollars after she purchased SPAC stock linked to former President Donald Trump's future social media platform.
Marjorie Taylor Greene Loses Big On Trump Social Network Buy
Credit: Marjorie Taylor Greene on Facebook
October 28, 2021

Rep. Marjorie Taylor Greene (R-GA) could be out thousands of dollars after she purchased SPAC stock linked to former President Donald Trump's future social media platform.

According to CNBC, Greene filed a public disclosure revealing the $50,000 stake in Digital World Acquisition Corp. (DWAC), which has said that it will merge with Trump's social media company.

DWAC saw its shares skyrocket over 800% after announcing the deal with Trump. But CNBC determined that it's "almost certain" that Greene has lost money on the investment.

"On Friday, DWAC opened at $118.80 a share and dipped as low as $67.96 a share," the network pointed out. "It's now trading around $63 a share. That means, at best, Greene has lost about 7% on her investment."

In a statement, Greene did not address the losses.

“This transaction was reported in compliance with House rules and provides all required details about the transaction," her office said.

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