Trump offering early access to online posts in move seen as corruption
Summary
President Donald Trump’s company has launched a new paid service called Truth API that gives subscribers early access to posts from his social media platform, Truth Social. This service allows paying users, including trading firms, to see posts in real time before others, raising concerns about possible misuse of presidential influence and market fairness.Key Facts
- Trump Media and Technology Group started Truth API, a subscription service for early access to Truth Social posts.
- Paying customers can pay up to $100,000 a month to get real-time posts from Trump and other top accounts.
- President Trump is the biggest user and largest shareholder of the company behind Truth Social.
- Trump often posts major policy announcements on Truth Social that can affect financial markets.
- Critics say the service could lead to insider trading and unfair market advantages.
- Senators Adam Schiff and Elizabeth Warren have asked the Securities and Exchange Commission to investigate whether this service breaks any laws.
- Trump Media’s stock has lost more than 70% in value since President Trump took office last year.
- The new API service could help Trump Media earn money beyond advertising if it succeeds.
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