The Trump Media scandal just got even uglier
Just days after Trump Media went public, the company was forced to admit that its finances were a disaster. Now Donald Trump and his partners are taking legal action against each other. And today two people pleaded guilty to insider trading in relation to the Trump Media deal. So what’s going on?
With all these moving parts, and so many other shoes presumably set to drop now that people are pleading guilty, anyone who thinks they have the full story is being overconfident. This is likely to spiral in ways both predictable and unpredictable.
What’s interesting about this is that Donald Trump doesn’t appear to be getting anything out of it. He’s gotten his hands on shares of stock that are worth a lot on paper, but everyone expects those shares to be worthless by the time Trump would be allowed to do anything with them.
So how is Donald Trump benefiting from all of this? Is he the one being played this time? It would fit with his recent pattern of mental incompetence. Whatever is going on here, it’ll keep coming out. Stay tuned.
