Attorney General Pam Bondi sold at least $1 million worth of shares in the company, which had the truth social the same day Trump announced the announcement of full tariff measures.
Bondi's shares in the company Trump Media were worth between $1 million and $5.5 million at the time of sale, which took place on April 2, the day when Mr. Trump was called "Liberation Day" Announced his extensive tariffs According to documents obtained by CBS News on Wednesday, regarding all goods imported from abroad.
The day after the sale, the value of the stock fell by more than ten percent. Trump Media's shares sold for the highest price of $52, but earned $26 per share on Wednesday.
Bondy said in a December financial disclosure that she held shares in Trump media at the time, worth more than $3.9 million, and the shares she received were compensation for the company's consulting services.
The Justice Department did not immediately answer questions about the sale and its timing, which was the first time Propublica reported.
Trump Media and Technology Group, the parent company of Mr. Trump’s social networking site Truth Social, said it lost $400.9 million in 2024, while its annual revenue fell 12% to $3.6 million.
The company traded with Mr. Trump’s abbreviation DJT, which said the “significant part” of its revenue decline was caused by changes in the revenue sharing agreement with advertising partners, which was not disclosed.
After winning the presidential election in November, Mr. Trump transferred all his shares (worth about $4 billion) to Donald J. Trump’s “good-inspired gift” in December. Mr. Trump's shares account for more than half of the company's shares.
Donald Trump Jr.The oldest of the president's five children is the only trustee, with the only voting and investment rights in all securities owned by the trust.
Mr. Trump was banned after the Capitol uprising on January 6, 2021, and then called Twitter and Facebook, creating the truth social. he Since then Restored to both.
In February, XX, now owned by billionaire Elon Musk, who is responsible for the White House administration efficiency and is a major donor to Mr. Trump’s presidential campaign, paid $10 million to resolve the lawsuit filed by Mr. Trump on the moratorium.
In January, Facebook's parent company Meta, Pay $25 million Resolve similar lawsuits.