Trump Ally Bondi Cashed Out Over $1M in Stock on Critical Date, Documents Show

A federal ethics record shows that Attorney General Pam Bondi sold shares in the company that owns Truth Social for at least $1 million on the same day that President Trump announced his plans for new tariffs on all goods.

The sale took place on April 2, the same day that President Trump announced broad tariffs on goods imported from all over the world. The papers show that Bondi’s ownership stake in Trump Media was worth between $1 million and $5.5 million at the time of the sale.

After the sale, the value of the stock dropped more than 10% the next day. It then went up again. Trump Media shares finished at $26 each on Wednesday, down from their highest price of $52 at the beginning of the day.

Bondi’s December financial statement shows that she received shares of Trump Media in return for her consulting work. The value of these shares was over $3.9 million at the time of the statement.

Mr. Trump’s social media site, Truth Social, was owned by Trump Media and Technology Group, which said it lost $400.9 million in 2024 and made $3.6 million less in sales.

The company, whose stock exchange name is based on Mr. Trump’s initials (DJT), said that a “significant portion” of its revenue drop was due to a change in its revenue-sharing agreement with an advertising partner that it didn’t say anything about.

After beating Hillary Clinton in November, Mr. Trump gave all of his shares to the Donald J. Trump Revocable Trust as a “bona fide gift” in December. The shares were worth about $4 billion on paper. Mr. Trump owned more than half of the company’s stock.

The only member is Donald Trump Jr., the president’s oldest child. He is the only one who can vote and buy stocks in the trust.

After the Capitol uprising on January 6, 2021, Mr. Trump was kicked off of Facebook and X, which was later renamed Twitter. He then started Truth Social. He has been added back to both since then.

In February, Elon Musk, the businessman who owns X, runs the White House’s Department of Government Efficiency, and gave a lot of money to Mr. Trump’s campaign for president, paid $10 million to settle a case that Mr. Trump had filed over the suspension.

Meta, the company that owns Facebook, paid $25 million to settle a similar claim in January.