Donald Trump's Truth Social opens new avenue for conflicts of interest
Donald Trump's social media company went public this week, supporters and investors betting on Trump's political success helped drive the value of a loss-making firm through the roof. Trump ended the first day of public trading $4.6 billion richer on paper.
If Trump is elected president, it may not be the last time the company is used as a vehicle to benefit Trump's pocketbook, experts said.
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Offering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisit Trump Media & Technology Group — the owner of Truth Social, the site Trump uses to rally his backers and blast his opponents — could present a new, fairly straightforward route for foreign leaders or special interests to try to influence him. Should he retain his control of the company while in office, the ethical questions that arose from Trump's hotels and other properties in his first term as president would only multiply when applied to a publicly traded media company, they said.
«This will be a very easy vehicle for foreign governments that want to curry favor with the president to throw money at him in a way that benefits his financial bottom line,» said Jack Goldsmith, a law professor at Harvard University and a top Justice Department official under President George W. Bush.
Corporations and other players wanting to sway Trump
