Trump Media reportedly mulling fee for first access to social media posts
Summary
President Donald Trump’s social media company, Trump Media and Technology Group, is considering charging a high fee for early access to his posts on Truth Social. This plan faces criticism because it could reduce government transparency and let the president profit from his position.Key Facts
- Trump Media and Technology Group may charge $100,000 per month for priority access to Trump’s social media posts.
- A lower fee of $60,000 per month could apply for a three-year subscription.
- The data feed, called “Truth API,” would give banks and trading firms early access to top accounts on Truth Social, especially Trump’s.
- Trump’s social media posts can influence markets and global financial conditions due to his role as U.S. President.
- Critics say charging for early access is a conflict of interest and harms transparency in government.
- Trump uses Truth Social since his Twitter account was suspended after the January 6, 2021 Capitol attack.
- Lawmakers like Senator Ron Wyden have publicly opposed the plan, concerned it benefits Wall Street and the Trump family.
- The plan was reported by news agencies Reuters and The Financial Times.
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