Trump Media plans to sell priority access to Truth Social posts
17 hours ago
- Trump Media plans to charge for high-speed access to Truth Social posts, allowing Wall Street firms to profit from early market-moving information.
- Critics label the new service, Truth PSI, as exploitation of the presidency for personal gain, given Trump's role as top poster and major shareholder.
- Trump uses Truth Social to announce decisions affecting markets, such as posts on Iran and tariffs, which can influence oil prices and inflation.
- Trump Media's stock has fallen over 70% since Trump took office, erasing billions in shareholder wealth, amid broader losses from family crypto businesses.
- Despite conflict of interest laws, Trump is exempt as president, though past presidents have divested assets; he has not, maintaining ownership through a trust.