There have been internal concerns that Trump Media could be misleading investors, a source said. But with its largest shareholder about to be president, experts doubt the SEC is up to the job of investigating Truth Social’s parent company.
I have to say I’m not sure how to feel about this. I want to be concerned, but other extreme miscarriages of justice significantly outshine a simple conflict of interest. I have greater concerns about our fundamentals.
On top of that, I would say that any investor willing to invest in this wants to be mislead, so unless they are investing someone else’s money, why should we care?
I don’t like this, but is this on a level beyond congress being allowed to do insider trading? Yes, it should be fixed, but it’s not in my top fifty concerns.