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Trump's Truth Social Posts Sold to Traders for $100,000 Monthly
๐Ÿ‡ฒ๐Ÿ‡พ Malaysia /Economy & Trade

Trump's Truth Social Posts Sold to Traders for $100,000 Monthly

From Utusan Malaysia · () Malay

Translated from Malay, summarized and contextualized by DistantNews.

At a glance

News From a news agency New plan
  • Donald Trump's Truth Social posts are now accessible to Wall Street traders for a monthly fee of $100,000.
  • This service offers rapid access to the former president's announcements on economic policy and global affairs.
  • The move raises concerns about insider trading and the potential for personal profit from public office.

Traders on Wall Street can now gain lightning-fast access to former U.S. President Donald Trump's pronouncements on economic policy and global affairs through his Truth Social platform. For a steep price of $100,000 per month, subscribers will receive early alerts to his posts.

This new service, launched on a Saturday, promises lucrative prospects for Trump's company. However, it simultaneously ignites significant questions regarding insider trading and the potential for leveraging public office for personal financial gain. While other media companies and social media platforms offer exclusive information, Truth Social's unique position stems from Trump's direct influence over market-moving announcements.

His social media posts have historically demonstrated the power to sway stock markets. These announcements range from shifts in policy on international conflicts to decisions affecting central bank leadership and import taxes. "If this were done by a CEO of a public company, this could lead to jail time," commented Irene Aldridge, head of Able Alpha Trading, who expressed no interest in subscribing.

When questioned about the propriety of this new service and whether the White House legal counsel had reviewed it, Trump's press office declined to comment, referring inquiries to the publicly traded parent company of Truth Social.

DistantNews Editorial

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.