American President Donald Trump has purchased bonds of the company Netflix worth over 1.1 million dollars in the last three months, according to official wealth statements. These purchases took place during the period when Netflix was trying to acquire Warner Bros Discovery, while Trump and his administration publicly criticized the company.
The bonds, with an interest rate of 5.375% and maturing in November 2029, were bought through a trust managed by Trump's children, which is exempt from conflict of interest laws. Trump also purchased Warner Bros bonds, which have become profitable.
Trump's criticisms of the Netflix merger emerged quickly after the announcement of the deal, and Netflix withdrew its offer after Paramount won the auction.
This situation raises ethical questions regarding his investments in companies under the oversight of his administration.
Sources
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