{"id":5998,"date":"2025-05-15T04:19:42","date_gmt":"2025-05-15T04:19:42","guid":{"rendered":"https:\/\/gunnewsusa.com\/index.php\/2025\/05\/15\/bondi-sold-at-least-1-million-in-trump-media-shares-on-liberation-day-documents-show\/"},"modified":"2025-05-15T04:19:42","modified_gmt":"2025-05-15T04:19:42","slug":"bondi-sold-at-least-1-million-in-trump-media-shares-on-liberation-day-documents-show","status":"publish","type":"post","link":"https:\/\/gunnewsusa.com\/index.php\/2025\/05\/15\/bondi-sold-at-least-1-million-in-trump-media-shares-on-liberation-day-documents-show\/","title":{"rendered":"Bondi sold at least $1 million in Trump Media shares on “Liberation Day,” documents show"},"content":{"rendered":"
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Attorney General Pam Bondi sold at least $1 million worth of shares in the company that owns Truth Social on the same day that President Trump announced his sweeping tariff measures, a government ethics transaction report shows.<\/p>\n

Bondi’s stake in the company, Trump Media, was worth somewhere between $1 million and $5.5 million at the time of the sale, which occurred on April 2, the day Mr. Trump dubbed “Liberation Day” in which he announced his wide-ranging tariffs <\/a><\/span>on goods imported from all foreign countries, according to the document obtained Wednesday by CBS News.<\/p>\n

The day after the sale, the stock’s value dropped more than ten percent before recovering.<\/a> Trump Media’s stock sold for $52 at its highest but closed at $26 per share on Wednesday.\u00a0<\/p>\n

In a December financial disclosure, Bondi said that she held stock in Trump Media that was worth over $3.9 million at the time, shares that she received as compensation for consulting services for the company.\u00a0<\/p>\n

The Justice Department did not immediately respond to questions about the sale and its timing, which was first reported by ProPublica.\u00a0<\/p>\n

Trump Media and Technology Group, the parent company of Mr. Trump’s social networking site Truth Social, said<\/a> it lost $400.9 million in 2024, while its annual revenue declined 12% to $3.6 million.<\/p>\n

The company, which trades under a ticker with Mr. Trump’s initials \u2014 DJT \u2014 said a “significant portion” of its revenue decline was caused by a change in a revenue-sharing agreement with an advertising partner, which it didn’t disclose.<\/p>\n

After winning the presidential election in November, Mr. Trump in December transferred all of his shares \u2014 worth around $4 billion on paper \u2014 as a “bona fide gift” to the Donald J. Trump Revocable Trust. Mr. Trump’s shares amounted to more than half of the company’s stock.<\/p>\n

Donald Trump Jr.<\/a><\/span>, the oldest of the president’s five children, is the sole trustee and has sole voting and investment power over all securities owned by the trust.<\/p>\n

Mr. Trump created Truth Social after he was banned from X, then called Twitter, and Facebook, following the Jan. 6, 2021, Capitol insurrection. He has since<\/a><\/span> been reinstated to both.\u00a0<\/p>\n

In February, X, now owned by billionaire Elon Musk \u2014 who heads up the White House’s Department of Government Efficiency and was a major donor to Mr. Trump’s presidential campaign \u2013 paid $10 million to settle a lawsuit brought by Mr. Trump over the suspension.\u00a0<\/p>\n

In January, Meta, Facebook’s parent company, paid $25 million<\/a><\/span> to settle a similar lawsuit.\u00a0<\/p>\n

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