Anderson Cooper Blasts Trump for Selling Early Access to Truth Social Posts: ‘No Shame Anymore’
The president has been sued by media organizations over the new social media offering The post Anderson Cooper Blasts Trump for Selling Early Access to Truth Social Posts: ‘No Shame Anymore’ appeared first on TheWrap .
Anderson Cooper condemned President Trump as "shameless" for monetizing early access to his often market-affecting posts on his social media platform, Truth Social. The CNN anchor detailed the new subscription-based service, Truth API, which costs $100,000 per month and has already secured 10 contracts since its August 1 launch.
Cooper likened the situation to the Trump family's $500 million profit from selling World Liberty Financial's token to United Arab Emirates leaders shortly after his second term began. He expressed shock at Trump's blatant money-making ventures, stating "It's incredible... I know there's no shame anymore, but it is shameful."
Rep. Jamie Raskin, the top Democrat on the House Judiciary Committee, likened Trump's ownership of Truth Social and monetizing market-moving information to insider trading. Raskin emphasized that Trump's majority stake in the platform and profiting from this information represent a direct conflict of interest, akin to the "games" where one grabs as much as possible before the supermarket closes.
The Democrats launched an investigation into early access to the president's Truth Social posts, alleging a "large insider trading conspiracy" turning the White House into one. The The Intercept and Freedom of the Press Foundation sued Trump over the Truth API venture, alleging violations of the First Amendment and Fifth Amendment, demanding a federal court block the president from posting official government information on Truth Social.
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