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Trump’s Truth Social Cash Grab Ignites Wall Street Fury
['Harry Thompson', 'News Reporter', 'Erkki Forster', 'Ewan Palmer', 'Harry.Thompson Thedailybeast.Com', 'Got A Tip', 'Send It To The Daily Beast', 'Cameron Adams', 'Leigh Kimmins', 'Julia Ornedo']
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Wall Street is bashing Donald Trump’s new money-making scheme after his media company unveiled a $100,000-a-month subscription to get early access to the president’s social media posts.
Eric Trump and Don Jr. run World Liberty Financial, which oversees the Trump family crypto fortune.
Some on Wall Street are said to not be overjoyed at the news.
Meanwhile, the FT reports having seen a pitch presentation, which talks about key Truth Social posts in the last year that have acted as market movers.
In a statement to the FT, the White House said, “Truth API offers customers the fastest way to ingest publicly available Truth Social data.