Also, what the heck happened to Marjorie Taylor Greene’s stock in Digital World Acquisition Corp.?
Many Republicans in Congress have no problem giving Donald Trump their political support or spending donor money at his hotels, golf clubs and resorts. But when it comes to using their own funds to back his latest venture, Trump Media & Technology Group, barely any of them want anything to do with it.
Just two lawmakers have reported buying stock in Digital World Acquisition Corp., the special purpose acquisition company that merged with Trump’s firm last month: Rep. Larry Bucshon (R-Ind.) and Rep. Marjorie Taylor Greene (R-Ga.), who—despite being known as one of Trump’s fiercest backers in Congress—appears to have already discarded her shares.
On Oct. 22, 2021, two days after Trump Media and Digital World announced their merger plans, Greene purchased between $15,000 and $50,000 worth of shares in Digital World in an account jointly held with her then-husband, according to a disclosure. (Lawmakers only have to report their stock transactions in broad ranges; they are not required to disclose the number of shares involved or the price.) Digital World’s price swung wildly that day, from a low of $67.96 to a high of $175, meaning Greene likely purchased anywhere from 85 to 735 shares. Either way, by the end of 2021, the value of her holdings had dropped to just $1,000 to $15,000.
Greene’s shares disappeared altogether a year later.
