In a recent SEC filing, Trump Media & Technology Group reported that revenue for Truth Social’s parent company had surged 205 percent in the third quarter to a whopping $3 million.
This would be the kind of thing that would raise a red flag for the SEC—if it were still functioning as an independent agency.
Media and watchdog groups have alleged that Trump is exploiting his office to benefit a private company that he owns. In August, The Intercept and the nonprofit Freedom of the Press Foundation sued Trump, alleging that Truth API violates the First and Fifth Amendments.
Trump Media’s latest filing caused the value of the company’s stock to jump Tuesday, adding a whopping $34 million to the president’s net worth.
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