Donald Trump's Truth Social media group just went public, but it has been beset by legal issues, lawsuits, and an inability to make any money.

Nov. 6, 2021: The New York Times reports that DWAC’s massive $300 million investment haul for the venture may have violated securities laws by fundraising off of its proposed merger with Truth Social before being officially listed on the stock market. Throughout the fall and winter of 2021, a slew of reporting emerges on the ethical questions surrounding Trump’s financial backers, and their histories of being investigated by the SEC.

Dec. 6, 2021: A DWAC filing reveals that the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have begun probing the SPAC’s communications with TMTG, indicating that the two agencies could suspect improper financial dealings between the companies.