Truth Social sparks corruption c
Key Points:
- Trump Media & Technology Group has launched Truth API, a $100,000-per-month service offering investors and Wall Street firms real-time alerts on potentially market-moving posts from Truth Social, including those by Trump’s account with 13 million followers.
- The service provides subscribers with faster access to posts than the general public, potentially giving trading firms an advantage measured in fractions of a second, which is valuable in automated, AI-driven financial markets.
- Critics, including SEC experts and congressional Democrats, argue that the service may violate insider trading laws and represent an improper use of presidential power for personal financial gain, prompting calls for investigations.
- Trump frequently uses Truth Social to announce major policy decisions and praise publicly traded companies, actions which have previously caused sudden stock price movements.
- Trump Media & Technology denied wrongdoing, calling criticism politically motivated, while the company’s shares have fallen 75% since early 2025, despite Trump’s personal wealth increasing and the potential revenue boost from the new service.