Rep. Marjorie Taylor Greene Loses Big In Investment In Trump’s Truth Social SPAC After Divorce Filing

Right-wing Rep. Marjorie Taylor Greene (R-Georgia) lost tens of thousands of dollars after investing in Digital World Acquisition Corp., a company that’s merging with former President Donald Trump‘s Truth Social.

The huge financial loss comes just weeks after the congresswoman’s husband filed for divorce, stating the marriage was “irretrievably broken.”

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Greene purchased between $15,001 and $50,000 worth of shares in the special acquisition company (SPAC) on October 22 of last year, according to public records. A SPAC, also known as a “blank check company,” is a company created solely for merging or acquiring another company so that it can go public faster.

The company’s stock has fallen by more than 82%, meaning the congresswoman from Georgia could have lost up to $41,100.

The merger was first announced last year and was scheduled to close in September of this year, but has yet to come to fruition.

The owner of Truth Social, the Trump Media and Technology Group, blamed the merger delay on red tape and regulatory practices.

Truth Social operates like most other social media platforms, though with an intense ultra-conservative bend. Even when creating an account, the suggested username is “LibertyForAll.” The morsels of text are called “Truths,” though most are lies or incoherent gibberish.

Trump has over four million followers on the site. His feed largely consists of him reposting complimentary memes of himself.