Trump Media & Technology Group Stock Sale by Former AG Pam Bondi Sparks Ethical Questions

Former U.S. Attorney General Pam Bondi recently sold between $1 million and $5 million worth of Trump Media & Technology Group stock on April 2, 2025, prompting scrutiny over the timing and potential ethical implications of her financial transaction. The sale occurred on the same day President Donald Trump announced substantial new tariffs that contributed to a market downturn, further intensifying questions about the circumstances surrounding her stock divestment.

Bondi's financial history with the company includes a prior consultancy role with Digital World Acquisition Corp., the special purpose acquisition company responsible for taking Trump Media public. While she was legally required to divest her holdings within 90 days of her attorney general confirmation, the specific timing of her stock sale has drawn significant attention from regulatory and public watchdogs.

The transaction gains additional significance given Trump Media & Technology Group's mission to create an alternative social media platform promoting free expression. With the stock trading at $19.45 as of May 21, 2025—representing a 2.1% increase from the previous closing price—the sale underscores the ongoing financial dynamics surrounding the company.

This incident highlights the complex intersections between political relationships, corporate investments, and potential conflicts of interest. It raises broader questions about transparency and ethical standards for public officials transitioning between government roles and private sector engagements.

The sale's context—occurring simultaneously with market-moving presidential announcements—further amplifies concerns about potential insider knowledge or preferential information access. While no explicit wrongdoing has been definitively established, the transaction invites closer examination of the relationships between political figures and corporate entities.

Regulatory bodies and market analysts will likely continue monitoring such transactions to ensure compliance with ethical guidelines and prevent potential market manipulation. The incident serves as a reminder of the ongoing need for stringent oversight and transparent financial practices in both political and corporate spheres.