Trump Org Announces ‘Trump Mobile' Cell Phone Service—Latest Bid To Cash In On Presidency
The Trump Organization announced Monday its latest venture – a cell phone service and smartphone line– with clear branding tied to President Donald Trump, the latest example of blurred lines between Trump's Oval Office position and his family's private business dealings.
The service said its monthly plan will start at $47.45 per month, a nod to Trump's standing as the ... More 45th and 47th U.S. president.
Trump's eldest sons Donald Trump Jr. and Eric Trump unveiled the 'Trump Mobile' entity, which will have a monthly talk, text and data plan and its own phone.
Called the '47 plan,' the monthly mobile service will start at $47.45 before taxes and fees, a reference to Trump being the U.S.' 45th and 47th president, according to the Trump Mobile website.
The company said its signature 'T1 Phone' will start at $499, and the website's mockup of the device 'coming soon' shows an etched American flag on the back of the phone.
The 'Trump Mobile' phone will run on Google's Android operating system and will be built in the U.S., according to Eric Trump.
The 'Trump Mobile' announcement comes less than a month after the president threatened to slap 25% tariffs on iPhone maker Apple and other smartphone giants for not producing their phones domestically.
Donald Trump maintains 'significant control' over the Trump Organization, according to a recent U.K. filing. Since Trump won a second presidential term in November, much of the Trump family's business dealings with hazy boundaries between the public and private sectors have been in the cryptocurrency space, including launching a $TRUMP memecoin which netted top investors in the inherently worthless token a dinner with the president at his Virginia golf club. The Trump Organization has also announced several massive overseas deals in recent months, including a $1.5 billion golf club in Vietnam.
Trump is worth $5.3 billion, according to our latest estimates. A majority of his wealth comes from his controlling stake in the public Trump Media & Technology Group, which trades under the ticker $DJT, the president's initials. Originally the parent company of Trump's Truth Social social media site, Trump Media has since expanded heavily into crypto, saying last month it raised $2.5 billion to purchase bitcoin, the world's most valuable crypto token.
Shares of AT&T, T-Mobile and Verizon all declined Monday morning despite a broader rally. Trump Media stock rose 2%.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
13 minutes ago
- Bloomberg
Stocks Rattled Ahead of Big Options Test
Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." SoftBank founder Masayoshi Son is seeking to team up with TSMC on a trillion-dollar industrial complex in Arizona to build robots and AI. President Trump signals he would give diplomacy a chance before deciding whether to strike Iran. And Bezel Co-Founder & CEO Quaid Walker joins Bloomberg Open Interest to talk about the luxury watch market. (Source: Bloomberg)
Bloomberg
13 minutes ago
- Bloomberg
SoftBank's Founder Pitches $1 Trillion US AI Hub
Jordan Klein, Managing Director at Mizuho Securities USA, says Masayoshi Son's pitch for a $1 trillion AI and robotics hub in Arizona is a marketing ploy. He explains why he thinks that on 'Bloomberg Tech.' (Source: Bloomberg)
CBS News
13 minutes ago
- CBS News
When will we know the NYC mayoral primary election winner?
New York City voters are casting their ballots in the primary election for a Democratic mayoral nominee, and many are wondering when we will know who won -- and how ranked choice voting will impact the results, and their timing. Early voting wraps up this weekend, and Election Day is next Tuesday, June 24. Are we going to get results on primary night? We will see unofficial first choice results after polls close at 9 p.m., but that's not the end of the story, considering ranked choice voting. Those unofficial first choice results will include those marked as first choice from early voting, Election Day, and valid mail-in ballots. If, however, no candidate goes over 50% of the vote - and considering the large number of candidates running in this race, that seems very likely - we will then move into ranked choice elimination rounds. Under the system, the candidate who got the fewest first-round votes will then be eliminated, and voters who ranked that candidate first on their ballots will then have their second choice candidate counted. That process will then repeat until one candidate exceeds 50% of the vote. So when will we get a clear picture of the winner? We will likely start to get a clearer picture of the winner before official results are certified. Preliminary, non-certified results will come out a week after the election. We can then expect weekly reports, as elimination rounds are conducted. The entire process could take up to several weeks. In the last mayoral primary -- the first citywide election with ranked choice voting -- the final results were certified nearly a month after the election.. At a certain point, a presumed winner may start to emerge. For example, if a candidate is approaching 50% of the vote, and the gap between that candidate's unofficial numbers and their nearest competitor is greater than the number of ballots still needing to be counted, then that person will almost certainly become the winner. The final, certified results still won't come out until all ballots are counted, including early voting, mail-in, absentee, military, affidavit and emergency ballots.
