Trump Family Deepens Ties in Buyer-Beware Penny Stock World

Donald Trump Jr. and Lara Trump
Photographer: Eva Marie Uzcategui/Bloomberg

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By Annie Massa

April 15, 2025 at 4:57 PM UTC

Updated on

April 15, 2025 at 11:32 PM UTC

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President Donald Trump’s eldest son and daughter-in-law took a stake in right-wing Christian radio network Salem Media Group Inc., spurring a sharp rally in the stock and involving the family in a market associated with opaque, buyer-beware companies.

Donald Trump Jr. and Lara Trump announced Monday that they invested in Salem, a conservative talk-radio network known for circulating a 2020 election fraud conspiracy film. Shares of the company rose 283% on Tuesday to $1.76.