News Post

Donald Trump's Truth Social opens new avenue for conflicts of interest

Economic Times · 6m

Former President Donald Trump's social media company, Trump Media & Technology Group, went public this week and saw a surge in value driven by supporters and investors. The company, which owns the platform Truth Social, could potentially present ethical concerns if Trump retains control of the company while in office, allowing foreign leaders or special interests to influence him. Experts suggest that foreign governments or corporations could buy advertising on Truth Social or purchase shares in the company to sway Trump's favor. Trump's financial interest in his businesses while president violated ethical norms, and critics filed lawsuits claiming violations of the Constitution's anti-corruption clauses, but these were dismissed or declared moot. Presidential control of a media company also raises concerns about unfair competition and potential limitations on press independence.