President Donald Trump is set to profit from selling access to his social media posts, which often move markets and influence policy. His company, Truth Social, will begin offering a service called Truth API, allowing traders to pay for early access to his posts.

Concerns Over Insider Trading

Critics argue that this service raises concerns about insider trading and the use of public office for private gain. Irene Aldridge, head of Able Alpha Trading, stated that if a CEO of a public company did this, it would be considered jail time. Trump’s press office declined to comment on the propriety of the service.

The service will include posts from other high-ranking Truth Social contributors, possibly including his sons Donald Jr. and Eric. While Truth Social claims that the information will be released to traders and the general public at the same time, critics argue that the timing of when the posts are received, not released, is what matters.

Market Impact

Trump’s social media posts have been known to influence markets, with his comments on trade and policy often causing stocks, bonds, and currencies to fluctuate. High-frequency traders, who specialize in buying and selling within milliseconds, may be particularly interested in this service.

Some experts estimate that around 100 high-frequency firms might be willing to pay for the service, which could generate significant revenue for Trump Media & Technology. However, the company has reported hundreds of millions in losses despite the president’s help in driving traffic to its site.

Original reporting: Dallas TX News (HLL/CB) — read the source article.