Source: Fortune.com
Summary
A lawsuit has been filed against President Donald Trump, alleging that his new paid service on Truth Social, which offers early access to his posts on U.S. policy, violates the Constitution. The service charges Wall Street firms up to $100,000 a month for exclusive access to Trump’s market-moving posts. The plaintiffs argue that this practice is corrupt and unconstitutional, as official announcements should be available to everyone at the same time.
Our Reading
The numbers tell one story.
Trump Media & Technology is facing a lawsuit over its Truth API service, which offers millisecond-fast access to Trump’s posts for a hefty fee. The company claims this is a common practice in the industry, but the plaintiffs argue it’s a blatant attempt to profit off the presidency. With Trump Media losing hundreds of millions of dollars each quarter and its stock dropping below $10, this move may be seen as a desperate attempt to generate revenue.
The original observation: “A president’s words are now a tradable commodity.”
Author: Evan Null
