Truth Social is now offering a paid service that provides investors with early access to market-moving posts before they are available to the public [1, 2].
This move creates a tiered information system where wealthy investors can act on potentially volatile news before the general public. Critics argue that selling a lead on information that can shift stock prices resembles the mechanics of insider trading.
The company is marketing the service as a "real-time feed of the platform's most market moving Truths" [1, 2]. By monetizing the timing of information delivery, the platform seeks to create a new revenue stream from the influence of Donald Trump's digital presence.
Reports indicate that the cost for this early access is $100,000 per month [1]. This pricing structure limits the service to high-net-worth individuals, and institutional investors who can afford the premium for a competitive edge in the markets.
The practice has drawn sharp criticism from legal and political observers. Some analysts said the arrangement is as close to insider trading as possible, as it allows a select group to profit from non-public information that is guaranteed to become public shortly thereafter [1].
Truth Social has not provided a detailed legal justification for the service, but the platform continues to promote the feed as a tool for those seeking a strategic advantage [1, 2].
“Truth Social is now offering a paid service that provides investors with early access to market-moving posts.”
This development signals a shift in how social media platforms monetize political influence. By treating social media posts as financial commodities, Truth Social is testing the boundaries of securities laws. If the service is viewed as providing a material advantage based on non-public information, it could invite regulatory scrutiny from the SEC regarding the fair distribution of market-moving data.
