After Trump Media and Technology Group (TMTG) got a huge US$1 billion capital investment with the former president Donald Trump being the chairman of the company, the newest addition to the company’s board is Rep. Devin Nunes who has left his political post to join TMTG as the company’s CEO.
News about the former congressman’s early retirement flew across the internet on Monday with him reportedly stating he had gotten an opportunity he cannot refuse.
Not long afterwards, there were reports that TMTG has confirmed him as the company’s CEO.
While congressman Devin Nunes might not be very popular, he’s known for his beef on Twitter with a parody account called @DevinCow which he ultimately tried but failed to sue.
Some media outlets also thought Trump rewarded Nunes with the position because of his experience in covering for the former president as well as his ability to fundraise.
For the records, the Congressman has served as the chairman of the House Intelligence Committee when Donald Trump was in office.
There were allegations about Nunes’ interference with investigations about Russia’s interference with the 2016 presidential election as well as Trump’s relationship with the election result.
And, when Nunes resigns from Congress in January, it’s likely he’ll need to hit the ground running with TMTG since the company’s flagship product Truth Social is slated to debut by 2022.
Currently, Truth Social is under investigation by the SEC after it revealed a plan to merge with a SPAC while raising about US$1 billion.
While Rep. Nunes will likely come out ahead with a higher salary than he makes as a member of Congress, Trump’s political opponents are probably happy with a trade-off that sees Nunes out of his position of political power. In addition, the area that Nunes represents was just redistricted, and the results were not in his favor.
After Trump got ousted on Twitter and other prominent social media platforms, the former president made it a mission to get his own platform where he can broadcast his message to his audience directly.