Trump Praised Over 20 Companies on Truth Social After Buying Their Stock, CNN Finds

President Donald Trump bought stock in 21 companies within a week before posting favorable Truth Social messages about them, a CNN investigation found. He made at least 44 purchases.

The findings sharpen questions about whether the president holds a conflict of interest through his trading.

44 Trades, 21 Companies, A Key Pattern in Trump’s Truth Social Posts

Trump’s 2025 financial disclosure listed more than 21,000 transactions. The Office of Government Ethics released it last month. Most were stock purchases and sales, reported in broad dollar ranges.

In one example, Trump bought between $200,000 and $500,000 in Nvidia stock in April. Days later, he promoted the chipmaker’s plans to build artificial intelligence supercomputers in the United States.

In the April 15 post, he also vowed to expedite all necessary permits for Nvidia and similar firms. 

“Trump is both a frequent poster and stock trader, sending more than 6,000 Truth Social posts last year and often sharing his opinions about major corporations, while his managers made more than 20,000 stock purchases or sales in that same time frame,” the report read.

Trump’s Stock Trades Preceding Social Media Posts. Source: CNN

Not every post was positive. Trump made 17 purchases of eight companies before criticizing them, including Comcast and Microsoft.

Moreover, CNN found no evidence that Trump used the posts to lift his own holdings. Most of his trades drew no matching Truth Social activity.

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White House Rejects Conflict Claims

The White House repeatedly denied that Trump has ever used his office for personal gain. It said his assets sit in fully discretionary accounts managed by independent institutions.

“President Trump only acts in the best interests of the American public … There are no conflicts of interest,” White House spokesperson Anna Kelly said.

Trump also broke with recent presidents on one point. Every stock-owning president for the past 5 decades has used a blind trust. Trump instead uses a trust with his son, Donald Trump Jr., as trustee.

That setup lets him know his holdings, even if he cannot direct trades. Previously,  timing concerns surfaced when a BBC probe flagged suspicious trades before Trump’s market-moving statements.

The scrutiny lands as Trump Media prepares to sell Wall Street faster access to Truth Social posts. Its Truth API launches August 1, delivering top accounts’ posts at a significantly faster pace.

That product would let paying firms react to the posts faster than the public. This, in turn, would let Trump Media, where his family is the largest shareholder, benefit from his posts. It also deepens the same conflict that his trading already raises.

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