Updated
Updated · Engadget · Jul 2
Trump Bought Up to $5 Million in Tech Stocks, Incurred Fine Over Non-Disclosure
Updated
Updated · Engadget · Jul 2

Trump Bought Up to $5 Million in Tech Stocks, Incurred Fine Over Non-Disclosure

3 articles · Updated · Engadget · Jul 2

Summary

  • July 23 disclosures show Donald Trump bought as much as $5 million of Amazon, Apple, Meta, Microsoft, Nvidia and Broadcom stock on the day the White House released its AI Action Plan.
  • Those purchases were legally required to be disclosed, but they were omitted, leading Trump to pay what the New York Times described as a small fine for repeated reporting failures.
  • The filings add to scrutiny of Trump's finances during his second term, which the Times said has generated more than $2 billion for him, much of it from cryptocurrency sales.
  • The report also points to a pattern of active trading around Trump-linked accounts, citing more than 3,600 trades and a prior Dell investment made before the company won a $9.7 billion defense contract.

Insights

How did the President's AI Action Plan coincide with his multi-million dollar investments in the same tech giants?