Trump tightens grip on social media company after SPAC deal success

FILE PHOTO: Former U.S. President Trump holds rally in Iowa
FILE PHOTO: Former U.S. President Donald Trump speaks during a rally at the Iowa States Fairgrounds in Des Moines, Iowa, U.S., October 9, 2021. REUTERS/Rachel Mummey

By Anirban Sen and Krystal Hu

Former U.S. President Donald Trump will be able to retain the ownership of his newly launched social media venture even if he chooses to make another White House run or is convicted by prosecutors who are looking into his business dealings.