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Trump's Truth Social to launch paid service for early post access, sparking conflict of interest concerns
🇰🇷 South Korea /Conflict & Security

Trump's Truth Social to launch paid service for early post access, sparking conflict of interest concerns

From Dong-A Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Trump Media & Technology Group will launch a paid service offering faster access to Truth Social posts.
  • The service, 'Truth API,' will cost up to $100,000 per month and provide early access to posts from top accounts, including Donald Trump's.
  • Critics, including a senator, argue the service creates an unavoidable conflict of interest and constitutes corruption.

Donald Trump's media company plans to launch a paid service that will give subscribers a few milliseconds head start on viewing posts from the former president's Truth Social account. The 'Truth API' service, set to debut next month, will cost up to $100,000 per month. It aims to provide early access to posts from the top 10 most-visited accounts on the platform, including Trump's. Financial firms that trade stocks rapidly could benefit from even a slight advantage in receiving market-moving announcements made by Trump via Truth Social. The Financial Times reports that demand for the service is expected, despite the high price, as even a small delay in news can lead to significant market losses. Axios noted that posts from other Trump administration figures and public institutions like the White House could also be included. Kevin McAneny, interim CEO of TMTG, stated that several companies have already signed contracts. However, the service faces significant criticism due to Trump's 41% ownership stake in TMTG. Senator Richard Blumenthal called it a "blatant example of corruption" where access to major policy information is being sold to increase Trump's personal wealth. Democrats are expected to voice strong opposition, viewing it as an improper pursuit of private gain by the president.

Access to major policy information is being sold to increase Trump's personal wealth.

— Richard BlumenthalSenator Richard Blumenthal criticizes the new paid service, calling it a blatant example of corruption.
DistantNews Editorial

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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