Former Congressman George Holding has been appointed to the Board of Directors of Trump Media and Technology Group Corp. (TMTG), replacing Linda McMahon, who stepped down upon her appointment as Secretary of Education in the Trump Administration.
TMTG CEO and Chairman Devin Nunes expressed his appreciation for McMahon's contributions and welcomed Holding to the Board, emphasizing the latter's extensive experience as a congressman and in the legal field. Holding joined Blackstone, Inc. as a Managing Director of Government Relations in 2021 after serving as a Member of Congress from 2013 to 2021, where he was involved in various committees and legal roles.
TMTG's mission is to challenge the constraints on free speech imposed by Big Tech, and it operates Truth Social, a social media platform for free expression, Truth+, a family-friendly TV streaming platform, and Truth.Fi, a financial services and FinTech brand.
These developments mark TMTG's continued efforts to diversify into new industries and explore potential mergers and acquisitions. The market has reacted to these announcements by moving the company's shares 2.4% to a price of $22.5. Check out the company's full 8-K submission here.
