- United States
- Calif.
- Letter
I know we have so much to worry about right now, but this article was published today and should be taken seriously. Truth Social, Trump's social media platform, announced an audacious scheme yesterday to profit from Trump's tariffs. Truth Social will offer actively-managed INVESTMENT ACCOUNTS composed of stocks in companies who benefit from Trump's policies. It's a jaw-dropping conflict of interest. Trump is the majority shareholder in Truth Social and will financially benefit from these accounts; both because Truth Social will invest their own cash in these accounts AND collect fees from others who invest in them. Interest in the accounts is directly tied to their performance. Trump, as President, will be able to significantly influence the performance of these assets through tariffs and other policies. Trump MUST divest from Truth Social if the company is allowed to move forward with this scheme. This is a brazen attempt to manipulate the market, which we've already seen in the past few weeks. Please, do everything in your power to stop this and LOUDLY denounce this attempt to steal from the American public. We must stop this horrible regime's looting of our government and our futures.
