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Trump Media Now Selling Early Access to President's Truth Social Posts
Business Insider • • general
Key Points:
- Jim Bianco, president of Bianco Research, warned that Truth API could lead to more frequent market-moving posts on Truth Social, potentially benefiting insider traders.
- Critics, including venture capitalist Shaun Maguire and economist Dean Baker, argue that the service undermines Trump's policy achievements and harms everyday Americans by facilitating insider trading.
- Finance journalist James Surowiecki and podcast host Jason Calacanis highlighted legal and ethical concerns, suggesting Truth API may violate insider trading laws and reflects poor judgment from Trump's advisors.
- Industry experts like Joe Saluzzi and hedge fund partner Vuk Vuković noted that the service could disadvantage retail investors and primarily offers noisy, unreliable market signals.
- Public Citizen's Zach Everson criticized the arrangement as a conflict of interest, given Trump's ownership stake in Trump Media and the potential for profiting from privileged information.
