Trump's $100,000 Truth Social Plan Raises Eyebrows
Five Wall Street firms reportedly subscribed as the service offers milliseconds-early access to Trump’s posts and could generate about $6 million a year.
- Trump Media & Technology Group launched a $100,000-a-month subscription service, Truth API, providing Wall Street firms access to presidential Truth Social posts milliseconds before the general public.
- Because Trump owns roughly 41% of the company's shares, he stands to profit directly from this recurring revenue stream, which generates about $500,000 monthly from five subscribers.
- NYU Stern School of Business professor Gian Luca Clementi called the service "insider trading by definition," while former SEC official Renée Jones stated material nonpublic information belongs to the public, not the president.
- Representative Jamie Raskin, Ranking Member of the House Judiciary Committee, launched an official investigation into the "scheme" on Friday, July 31, accusing the president of failing to advance the public interest.
- Experts warn the service could negatively impact market movement, though Clementi noted insider trading remains one of the hardest crimes to prosecute, potentially de-influencing future traders from participating.
31 Articles
31 Articles
Trump’s digital empire is rotting from the inside out as MAGA slinks away
The Financial Times reports President Donald Trump’s Truth Social media platform is bleeding users as the unpopular president plays out the second year of his White House return.Kevin McGurn, interim chief executive of Trump Media & Technology Group (TMTG) told Financial Times that Truth Social does not disclose numbers. However, digital market intelligence company Similarweb estimates the platform had about 261,000 daily active users for its mo…
Since August 3rd it has been available to hire Truth API, a VIP service from the Truth Social network, which allows access to publications before other users, which has been qualified as for the personal benefit of Donald Trump and his family. It turns out that, while much of what ... Continue reading ""Corruption" and "scandalous abuse": They criticize US$100,000 VIP access in Donald Trump's Social Truth" The post "Corruption" and "scandalous a…
The U.S. president began selling priority access to his publications on his social network.
Money, money, money: Trump rakes in the cash from his social media posts
The US president’s latest cash grab went live on the weekend, with his Trump Media & Technology’s “Truth API” giving subscribers early access to his market-moving social media posts for up to $US1.2 million a year.
The decision of the President of the United States, Donald Trump, to collect for early access to his publications in his network Truth Social, which often move the markets, generates concern after a year and a half of a government that witnessed an unprecedented enrichment of the president and his family. Accused of stellionate, owner of Itapemirim is authorized to travel to Croatia, amidst debts of R$ 200 million What to expect from the Stock E…
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