Trump Bought Palantir Shares Before Praising Stock on Truth Social

MT Newswires Live05-16

President Donald Trump bought shares of Palantir Technologies before publicly praising the company on Truth Social, CNBC reported on Friday, citing newly released financial disclosure records.

The filings showed Trump purchased between about $247,000 and $630,000 worth of Palantir stock during the first quarter, including at least seven purchases in March.

Weeks later, Trump praised the company on Truth Social, writing that Palantir "has proven to have great war fighting capabilities and equipment," according to CNBC. The company's software tools have reportedly been used to identify targets in Iran.

The disclosures also showed hundreds of millions of dollars in transactions during the quarter, though several Palantir trades were marked as "unsolicited," indicating they were not recommended by brokers or advisers.

A Trump Organization spokesperson told CNBC that the president's investments are managed through fully discretionary accounts overseen by third-party financial institutions, while the White House said Trump's assets are held in a trust managed by his children.

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