Trump Media CEO defends selling faster access to president's Truth Social posts, says more have signed up
Trump Media & Technology Group is defending its Truth API, which sells faster access to Donald Trump's posts, as standard technology. The company's interim CEO claims more users have signed up for the service despite legal challenges. A lawsuit alleges the company sells early access for $100,000 per month, while Ranking Member Maxine Waters and 20 Democratic committee members have urged the SEC to investigate. They argue the system allows Wall Street to front-run the investing public by accessing market-moving posts before other users.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ Trump Media describes its Truth API as standard technology.
- ✓ The company's interim CEO states that more users have signed up for the service.
- ✓ Trump Media is facing legal scrutiny over the sale of early access to posts.
What changed
Trump Media's interim CEO publicly defended the Truth API and reported an increase in sign-ups.
Live updates
-
Trump Media CEO Defends Paid Access to Truth Social Posts Amid Lawsuits
Trump Media & Technology Group is defending its Truth API, which sells faster access to Donald Trump's posts, as standard technology. The company's interim CEO claims more users have signed up for the service despite legal challenges. A lawsuit alleges the company sells early access for $100,000 per month, while Ranking Member Maxine Waters and 20 Democratic committee members have urged the SEC to investigate. They argue the system allows Wall Street to front-run the investing public by accessing market-moving posts before other users.
Why it matters
The controversy centers on whether providing paid, expedited access to a president's communications constitutes a conflict of interest or financial irregularity. This occurs as Trump Media plans a retail expansion. The legal scrutiny focuses on First Amendment implications and securities law.
What is confirmed
- Trump Media describes its Truth API as standard technology.
- The company's interim CEO states that more users have signed up for the service.
- Trump Media is facing legal scrutiny over the sale of early access to posts.
Still unconfirmed
- The Truth API allows Wall Street to front-run the investing public.
What to watch next
- SEC decision on whether to launch a formal investigation into the Truth API
- Court rulings on the lawsuit regarding early access sales
- Details of Trump Media's planned retail expansion
confidence 90%Sources used for this update (9)
- CNBC — Trump Media CEO defends selling faster access to president's Truth Social posts, says more have signed up
- Freedom Forum — Trump Sued for Selling Early Access to Truth Social Posts: First Amendment Analysis
- Democracy Now! — “Profoundly Corrupt”: Trump Sued for Selling Early Access to His Truth Social Posts for $100K/Month
- House Financial Services Committee Democrats (.gov) — Ranking Member Maxine Waters and 20 Committee Democrats Urge SEC to Investigate Trump's Plan to Sell Access to His Market-Moving Truth Social Posts So Wall Street Can Front-run the Investing Public
- Pluang — Trump Media defends Truth API as standard tech amid legal scrutiny and plans retail expansion.
- jen.jiji.com — Us Open, mixed doubles criticized: "They only want to make money"
- jen.jiji.com — Rome, man douses himself with gasoline and sets himself on fire at gas station: 33-year-old in critical condition
- www.ms.now — Trump Media CEO touts customers, defends selling special access to president’s posts
- jen.jiji.com — Trump and the 'Economic D-Day' against Iran, does the latest US offensive depend on China?
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community