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Trump's Truth Social to Offer Paid Fast-Access to Posts, Critics Cry Corruption
๐Ÿ‡ฉ๐Ÿ‡ช Germany /Crime & Justice

Trump's Truth Social to Offer Paid Fast-Access to Posts, Critics Cry Corruption

From Die Zeit · () German

Translated from German, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Donald Trump's media company plans to offer paid, high-speed access to his Truth Social posts for Wall Street firms.
  • Critics, like law professor Kathleen Clark, condemn this as a "brazen form of corruption."
  • The service aims to provide subscribers with a few milliseconds' advantage in accessing Trump's posts, which can influence financial markets.

Donald Trump's media company is introducing a new paid service that will grant Wall Street trading firms and other institutions expedited access to posts on his Truth Social platform. The company announced Thursday that the new feature will allow subscribers to receive Trump's posts milliseconds earlier than the general public.

As the most prominent user of Truth Social, Trump's posts frequently impact financial markets. This new service could enable subscribers to potentially profit from subsequent movements in stocks, bonds, and interest rates by reacting to Trump's announcements faster.

Critics have strongly denounced the plan. Kathleen Clark, a law professor at Washington University School of Law specializing in government conflict-of-interest rules, called it "a brazen form of corruption." She argued that Trump is "selling accelerated, privileged access to information about what he is doing as president," which constitutes an "inappropriate exploitation of governmental power for personal gain."

The Trump family's company has not commented on whether the new feature is intended to specifically benefit from Trump's presidency. Trump's financial disclosures from the previous year showed earnings exceeding one billion dollars, primarily from his family's cryptocurrency ventures. He has previously defended his business dealings by stating that no conflict of interest exists because his wealth is managed by a fund and he does not personally handle it.

DistantNews Editorial

Originally published by Die Zeit in German. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.