President Donald Trump’s media company is planning to charge for special high-speed access to Truth Social posts, including possibly his own affecting national security and financial markets.
Details of the Plan
The move announced Thursday would allow Wall Street trading firms and other institutions to get news from Truth Social contributors in milliseconds so they could profit off subsequent moves in stocks, bonds and interest rates. Called Truth PSI, it would mimic paid access at other platforms with one key difference: The most popular Truth Social poster is the president himself and, as the biggest shareholder of the public traded parent company, would directly benefit.
A press release suggested Trump would indeed be part of the offering, stating it would allow traders to see “the highest-ranking Truth Social accounts” ahead of others. The president has 12.9 million followers on the platform.
The announcement comes as stock in Trump Media & Technology has plunged 70% since the president took office last year. Trump Media said that it hopes start the service next month and that it has already signed up customers.
Original reporting: KTBS 3 (Shreveport) — read the source article.
