Trump Media & Technology Group Faces Controversy for Potential Market Manipulation via Pricey Priority Post Access
1 day ago / Read about 0 minute
Author:小编   

On August 1, the Trump Media & Technology Group in the United States unveiled a paid data subscription service named 'Truth API'. With this service, corporate clients can, for a monthly fee of up to $100,000, secure priority access to posts from highly influential accounts, such as Trump's, on the 'Truth Social' platform. This initiative has ignited a broad debate, with allegations of conflicts of interest and market manipulation surfacing.

The group's interim CEO has claimed that the primary goal of the service is to offer real-time data streams. Yet, analysts contend that this approach effectively turns presidential policy information into a tradable commodity, granting trading privileges to institutional investors. U.S. Democratic federal senators Adam Schiff and Elizabeth Warren have collectively called on the U.S. Securities and Exchange Commission to initiate an investigation. They accuse the group of exploiting its power for personal gain and compromising market fairness.

Since Trump assumed office, the group's stock price has experienced a cumulative decline of over 70%. In contrast, Trump's personal income soared to over $1 billion last year. The prevailing public sentiment suggests that the group is striving to diversify and expand its revenue streams through this controversial move.

  • C114 Communication Network
  • Communication Home
7 X 24 Track global technological trends
Hot Topic