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  • 3 months ago
Big Tech firms including Alphabet, Amazon, Apple, and Microsoft are helping fund Trump’s $300M White House ballroom. The privately financed project replaces the East Wing, sparking backlash over his earlier preservation pledge.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Big tech and several major corporations are helping finance the $300 million White Room
00:06Ballroom planned by President Trump, according to CNBC. That elision of the White House East
00:11Wing to build Trump's 90,000-square-foot ballroom has sparked public outrage over his broken promise
00:16to preserve the structure. Trump said the $300 million White House Ballroom will be funded
00:20through his own money and private donations without taxpayer expense. He has now disclosed
00:24his personal contribution, but plans to reveal it later, according to the White House.
00:28Alphabet will contribute $22 million as part of a settlement resolving Trump's lawsuit
00:32over his YouTube ban by the January 6th riot. Other donors include Amazon, Apple, Microsoft,
00:38Meta, Palantir, Coinbase, the Winklevoss twins, and the Comcast Corporation,
00:42which is the parent company of CNBC. For all things money, visit Benzinga.com.
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