Trump media merger and DJT stock ticker debut could present host of ethics problems

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Trump media merger and DJT stock ticker debut could present host of ethics problems
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Richard W. Painter was the chief White House ethics lawyer from 2005 to 2007 under President George W. Bush. He is the S. Walter Richey Professor of Corporate Law at the University of Minnesota and is a graduate of Harvard College and Yale Law School.

Donald Trump remains in the midst of a cash crunch, with the former president facing multiple legal judgments totaling more than $500 million. But his money troubles may be relatively short-lived, thanks to the merger of Trump Media & Technology Group and Digital World Acquisition Corporation . Shares in the new company began trading Tuesday under the ticker symbol DJT, and the deal is expected to be worth around $3 billion to Trump.

Truth Social’s larger competitors such as X and Meta will learn to work with Trump — to his advantage of course — or suffer the wrath of a his new administration. Another platform, TikTok, is already under immense pressure from Congress because of its Chinese ownership. Sale to an American investor is apparently the sought-after solution, and — surprise, surprise — former Trump Treasury Secretary Steve Mnuchin is among those waiting in the wings to close a TikTok deal.

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