You may now own a piece of Trump Media - and not even know it

[Pinback]

Last edited Fri Jul 12, 2024, 10:55 AM - Edit history (1)

https://www.cnn.com/2024/07/02/business/trump-media-stock-truth-social-russell

This is from a couple of weeks ago, so not breaking news, but it might be of interest to DU investors holding index funds and ETFs. Obviously, one of the challenges of investing in broadly diversified mutual funds of any sort is making sure your investments are aligned with your values. This piece highlights one such challenge…

You may now own a piece of Trump Media – and not even know it
- Matt Egan, CNN, 7/2/2024

New York (CNN) — If you’ve got money in the market, you might own a little piece of Trump Media — without even knowing it.

Trump Media & Technology is now part of two broad indexes of US stocks: the Russell 1000 Index of large-cap stocks and the Russell 3000 Index. And several popular passive funds — namely index and exchange-traded funds (ETFs) — automatically buy whatever shares are part of those Russell indexes.

Trump Media (DJT), the owner of conservative social media platform Truth Social, announced its addition to the Russell family on Monday. The company, majority-owned by former President Donald Trump, doesn’t make money and generates very little revenue.

As a result, countless retail investors will now own a piece of Trump Media.

- more at link:
https://www.cnn.com/2024/07/02/business/trump-media-stock-truth-social-russell

[jimfields33]

1. Probably in a lot of Mutuals. I have 5 and looked at the companies in the early 90's.

Honestly haven’t looked since, I probably should.