Trump stands to profit off US policy announcements by selling fast access to his social media posts
The paid feed could double Trump Media’s annual revenue if three firms subscribe, while critics warn it may let traders profit from market-moving posts.
- On Saturday, Trump Media & Technology Group launched Truth API, a $100,000-per-month service giving institutional investors ultra-fast, direct access to President Donald Trump's market-moving Truth Social posts.
- Persistent financial strain prompted the launch: Trump Media reported only $3.7 million in annual revenue last year, while the company's stock has plunged 75% since Trump took office.
- Critics and ethics experts warn the service enables insider trading by selling early access to presidential policy announcements, though the company defended the offering, accusing critics of mischaracterizing it.
- Demanding accountability, Massachusetts Senator Elizabeth Warren pledged that congressional Democrats would launch investigations if they regain control of Congress, vowing to "haul in those responsible for this open corruption."
- Market analysts remain divided: some dismiss the feed as "complete noise," noting 90% of the time markets don't react to posts, while high-frequency traders estimate around 100 firms could benefit.
112 Articles
112 Articles
Trump's Truth Social Insider Scheme Is A $24 Billion Tax On Your 401(k)
You may not have heard about this latest tax from Trump. That could be because he’s not going through Congress to get it. Also, this scam could get buried in the middle of his many other grifting schemes. Trump is starting a new special subscription service to his social media platform, Truth Social, where big investors will pay $100,000 a month for advance access to Trump posts that can move markets.This means that the next time Trump posts tha…
Sydney Morning Herald
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.
Donald Trump faces questions after launching a subscription system that allows him to know before the public his publications in Truth Social, an advantage that experts consider capable of influencing investment decisions.
Monetizing the Megaphone: Wall Street, the White House, and the High-Frequency Insider Loop
We find ourselves in uncharted and perilous territory regarding executive ethics and market integrity. With the recent launch of Trump Media & Technology Group’s high-priced subscription tier—granting Wall Street elite and high-frequency trading firms millisecond-early access to market-moving Truth Social posts—a sitting President of the United States has effectively commercialized his own official communications channel.
Trump's sale of access to Truth Social raises eyebrows
Trump -- like his close relatives -- is alleged to have made billions of dollars in his second White House term through cryptocurrency ventures, property deals, stock trades and payouts from lawsuits. And on Saturday, Trump Media and Technology Group launched a product called Truth API, first unveiled in mid-July. Subscribers to the paid service are supposed to get almost instantaneous access to Trump's messages on Truth Social -- crucial second…
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