‘Brazen corruption’: critics denounce Trump media plan to sell priority access to Truth Social posts
Summary
President Donald Trump’s media company plans to sell fast access to posts on its Truth Social platform, which could give financial traders speedier news to make stock and bond decisions. Critics say this raises concerns about using the presidency for financial gain, although the company says the new service is a way to make money from its unique content.Key Facts
- Truth Social will offer a paid service called Truth PSI that gives faster access to top posts.
- The service targets Wall Street trading firms and institutions to act on news quickly.
- President Trump is the most followed user on Truth Social with 12.9 million followers.
- Trump is also the largest shareholder of Trump Media + Technology, the parent company.
- Experts warn this could be a conflict of interest by profiting from presidential posts.
- The program will start next month and has already gained customers.
- Trump Media + Technology's stock dropped over 70% since Trump became president last year.
- The company is also involved in other businesses like crypto and nuclear fusion to boost revenue.
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