Truth Social Faces Backlash Over $100,000 Early Access to Trump Posts
Updated
Updated · HuffPost · Aug 15
Truth Social Faces Backlash Over $100,000 Early Access to Trump Posts
2 articles · Updated · HuffPost · Aug 15
Summary
Jamie Raskin said Truth Social’s plan to sell traders early access to Donald Trump’s posts amounts to an insider-trading scheme, saying he agreed “1,000%” with Joe Rogan’s criticism.
Up to $100,000 a month could buy Wall Street firms a split-second preview of Trump posts, a service Reuters reported is under consideration by his social media company.
Those posts can move markets because Trump has used Truth Social to announce policy decisions, executive orders, personnel changes and even war declarations.
CNN’s Anderson Cooper said the arrangement could give professional investors a direct edge over retail traders by delivering market-moving posts before the public sees them.