Article in Daily Kos by Alix Breeden, 2/17/25
Headline: “How Trump is paving the way for his failing media company to thrive”
After President Donald Trump’s media company reported major losses in 2024, he now appears to be clearing the way for his business—and bottom line—to succeed.
The Trump Media & Technology Group Corp’s recent 10-K filing listed multiple risk factors for why its platforms—such as Truth Social or the new Truth.Fi—might fail.
One such factor is the U.S. Foreign Corrupt Practices Act, which Trump temporarily paused with a Feb. 10 executive order. The FCPA makes it illegal for U.S. companies to bribe foreign officials for government contracts.
Per Trump’s executive order, Attorney General Pam Bondi will revise the FCPA to “promote American competitiveness.”