Donald Trump bought at least $1m worth of bonds in Netflix and Warner Bros Discovery (WBD), according to a financial disclosure form, days after he said would “be involved” in a proposed merger between the two companies.

The White House released a financial disclosure report on Friday which showed that Trump made two purchases from Netflix and two purchases from WBD, each amounting to at least $502,000.

Trump bought the bonds on 12 December and 16 December, a little more than a week after Netflix agreed to buy WDB in an $82.7bn deal.

The purchase is subject to regulatory clearance and is sure to raise eyebrows given Trump has said he will be engaged in that process.

“They have a very big market share,” Trump told reporters at the Kennedy Center on 7 December, two days after the deal was announced and five days before he began to purchase Netflix and WBD bonds.

  • SpankyDoodle@eviltoast.org
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    22 hours ago

    Yep, time for other streaming services. One kid protested the disney, which I did a week before the boycott. More might protest netflix but I dont care at this point. They get one last week to finish their shows. I cant deal with funding corrupt more than I’m already forced too.

    • antimongo@lemmy.world
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      20 hours ago

      I’d recommend setting up StremIO + Torrentio + Real Debrid (takes about a half hour to setup)

      About $35/year, almost flawless streaming. Nearly all content available.

      Reddit guide

      You can PM for help on it if needed, I’ve set them up for tons of friends

  • melsaskca@lemmy.ca
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    1 day ago

    Fuck Trump but that is some Pelosi level shit he’s pulling. We need a new system. This reminds me of back in the 90’s we had a “Best Buy” store and a “Future Shop” store in the same box mall. They were owned by the same company.

    • hector@lemmy.today
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      1 day ago

      Sadly the paramount nazis will be worse.

      We should not be ignoring our anti trust laws and allowing any of these mergers. These big companies caving to govt pressure is case and point why they should not be allowed to own so much of a market. Interests in other areas are vulnerable to lawmakers influencing media. Perverting media.

  • switcheroo@lemmy.world
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    1 day ago

    Does this dumb motherfucker think he’s going to live forever??? Why are trying to make more??? You can’t take it with you and you sure af don’t care about your family. It’s a sickness. A greed disease.

    • radiouser@crazypeople.online
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      1 day ago

      I am convinced that we must name the problem directly: the pathological hoarding of wealth is a sickness in our society.

      For too long we have allowed this behavior to shape our world, often to the detriment of the common good. The faster we collectively reject this extreme greed (treating it with the moral seriousness it deserves) the sooner we can build an economy that serves humanity, not just a few.

    • hector@lemmy.today
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      1 day ago

      Right? He is clearly losing his health. Falling asleep at meetings, he seems to have lost the part of his brain that tempers acheiving desires.

      Like want peace prize. Normal brain says getting one gifted joke. Make brain look bad.

      He wants to leave with the most, that is winning I presume. He cares not that everyone is cynically pretending he is great, because he lost that part of his brain that would interpret that.

  • Assassassin@lemmy.dbzer0.com
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    1 day ago

    Why is he still trying so hard to get all this dirty money? The dude is so old that he could drop of natural causes at any time (and corrupt enough that unnatural causes seems equally likely). You can’t take that shit with you, Donnie.

    I guess that’s the only thing he has though, eh?

    • Janx@piefed.social
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      23 hours ago

      Have you met a billionaire before!? They’re soulless husks. Acquiring more capital is probably what gets him out of the bed in the morning, they never think what to do with it! For the good of society they literally should not exist…

    • hector@lemmy.today
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      1 day ago

      They, and the entire legal industry, courts, government bureaucrats, all think the republic is dead already. The rules do not apply.

      It is only voters that do not know it, or accept it in our cases.

      Only self interest matters to our leaders across the board from business to government to organizations. They are nihlists, they believe in nothing.

      The plain language of the constitution was ratfucked before we were born in other ways it is not unprecedented. The bill of rights is a joke.

      The feds have ammassed power forbidden in that highest law. They regulate interstate commerce. That has been drawn so wide as to allow a federal reign of terror on false pretexts incoming. Martial law under false pretense. Soon first half plausible excuse if not now. Then escalations, ghettoization of others, etc.

      It was drawn too wide in the 19th century. A landmark case the feds forbid growing wheat under some rules to prop prices up, a farmer grew his own for personal consumltiin, feds took him to court anx won.

      By not buying on the market as he made his own that lowered demand and was therefore interstate.

  • green_red_black@slrpnk.net
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    2 days ago

    So either Trump is doing Insider Trading or is adding these bonds to that reported national wealth fund (which he is only making for himself in all honesty)

    • Jessica@lemmy.blahaj.zone
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      2 days ago

      National Wealth Fund = upward movement of capital. Fat chance anyone who needs it will see even a speck of it.

    • D_C@sh.itjust.works
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      1 day ago

      Ask yourself this question. Do you at all want to be involved with tRUMP?
      Whatever the answer to that question should, I think, be the answer to your question.

      Furthermore, if I had any accounts, etc, with Netflix or wb then I’d cancel that shit as well.

      Knowingly having anything to do with that child rapist, directly or indirectly, is not an option for me.

        • D_C@sh.itjust.works
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          1 day ago

          All advice about money is financial advice. Whether it’s good or bad is something only your own morality can decide.
          Personally, though, me supporting, enabling, or making money from a child rapist is definitely not acceptable.

          Then when I add on all the other shit about the numerous crimes, the sex assaults and rapes, the racism and fascism etc etc, it becomes a no brainer.