Source: Fortune
Summary
President Trump’s media company, Trump Media & Technology, is introducing a paid service called Truth PSI, which will provide high-speed access to posts from top contributors on Truth Social, including possibly the president’s own posts affecting national security and financial markets. The move has raised concerns about exploiting the presidency for profit, as Trump would directly benefit as the biggest shareholder. Critics argue that this is a brazen corruption and an improper exploitation of government power to enrich himself.
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Trump Media & Technology is trying to lift its stock price, which has plunged over 70% since Trump took office, erasing $6 billion in shareholder wealth. The company is introducing Truth PSI, a paid service that will provide high-speed access to posts from top contributors on Truth Social. The president’s posts, which have impacted financial markets and national security, will possibly be included in the service. Trump would directly benefit from the revenue generated by Truth PSI. The move has raised concerns about exploiting the presidency for profit.
“This is yet more brazen corruption, an improper exploitation of government power to enrich himself.”
Author: Evan Null
