‘This is insider trading by definition’: Trump sells $100,000 monthly subscription service to Wall Street to further monetize the presidency
Wall Street firms will get information milliseconds faster than the general public—and Trump will directly benefit.
Donald Trump has launched a premium subscription service for Wall Street firms to gain earlier access to Truth Social posts, priced at $100,000 per month. Five Wall Street firms have already signed up, gaining access to posts milliseconds before the public. This move has been criticized as insider trading by economics professor Gian Luca Clementi, who notes Trump's ownership of around 41% of the company would directly benefit from this arrangement.
The subscription service would generate approximately $500,000 monthly, or $6 million annually. Critics argue this violates the legal definition of insider trading, as Truth Social posts are intended to be public within moments. However, some legal experts question the validity of this claim, pointing to the potential violation of federal law if Trump posts market-moving news before it's public.
Trump Media & Technology Group has rejected these accusations, claiming Truth API provides the fastest way to access publicly available Truth Social data.
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