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Trump stands to profit off US policy announcements by selling fast access to his social media posts
['Bernard Condon And Brian Slodysko', 'August', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
The social media posts of the world's most powerful man are going on sale Saturday when his Truth Social business begins offering sneak peeks of them to Wall Street traders willing to pay up.
The move raises the prospect of big profits for Trump's company and big questions about insider trading and using public office for private gain.
Similar fast speed feeds are sold by other social media firms and media providers, but Truth Social doesn't just distribute the news, it makes it, regularly rattling markets as Trump posts policy changes on everything from war to central bank leadership to tariffs.
That company, Trump Media & Technology, issued a statement blasting Democratic critics for mischaracterizing the service "out of ideological opposition to free markets or a failure to grasp the distinction between public and nonpublic information — or, quite possibly, both."
Profits aplenty betting on oil, stocks and currenciesJust this month, Trump has threatened on Truth Social to slap higher tariffs on Canada, kill a nuclear deal with Saudi Arabia and widen the Iran war.