How the DJT stock could finally make money for Donald J. Trump
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 30 July 2024
⏱️ 7 minutes
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Summary
Donald Trump’s social media company is trading at around $30 — down early 40% since it launched on the stock exchange this spring. So far for the former president, the wealth there is locked up on paper. But something called a “Standby Equity Purchase Agreement” could mean cold, hard cash in former president’s hands. Also, the Senate is poised to approve legislation aimed at protecting children online. We’ll hear the latest.
Transcript
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| 0:00.0 | How the D.J.T. stock could finally make money for Donald J. Trump. |
| 0:07.0 | I'm David Brancaccio in New York. First, the Senate is poised to approve one of the most consequential pieces of legislation aimed at |
| 0:14.6 | protecting children online. The bill, if it were to become law, would force social |
| 0:19.2 | media platforms to operate to a new standard, a duty of care. |
| 0:23.3 | Marketplace's Nova Safo is here with details. |
| 0:26.6 | The Kids Online Safety Act requires social media sites, messaging apps, online multiplayer |
| 0:32.1 | video games, and other interactive platforms to default |
| 0:35.2 | to the safest settings possible for users who are 17 and under, as the bill's co-author |
| 0:40.1 | Republican Senator Marsha Blackburn explained during floor debate last week. |
| 0:44.8 | It requires social media companies to prevent and mitigate certain harms that they know their |
| 0:51.0 | platforms and products are causing to young users as a result of their |
| 0:57.7 | design choices. |
| 0:59.2 | The bill also updates previous data privacy laws to extend protections now available to those 13 |
| 1:04.7 | and under to children 14 to 17 years old as well. Democratic Senator Richard Blumenthal |
| 1:10.3 | is the bill's other co-author. |
| 1:12.3 | It empowers young people and parents. |
| 1:16.0 | It gives them choices. |
| 1:18.0 | In a test vote last week, the bill got overwhelming support, |
| 1:21.0 | overcoming concerns about stifling online speech. |
| 1:24.8 | It's expected to pass the Senate today and head to the House, where Speaker Mike Johnson |
| 1:29.0 | has said he will consider the measure. |
| 1:31.2 | I'm Novis Nova Soft for Marketplace. |
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