Truth PSI: Trump's new venture selling early access to his posts
Trump Media launches Truth PSI: early access to his posts for $100,000 a month. The debate over presidential insider trading.
English · Original discussion in Spanish · Published
Trump sells funds a preview of his posts: $100,000 a month
Trump Media has turned the president's ability to shake up markets with a single post into a business. The new Truth PSI platform, launching on August 1, will give investment funds ultra-fast access to Truth Social messages before the public sees them. The price: $100,000 a month. The irony is perfect: it is marketed as a democratization of access to information, but it is exactly the opposite: a premium subscription for whoever can afford it.
A service that manufactures the news and sells it
The company itself admits it: "Markets already move on Truth Social posts," said the interim CEO. That is the key. This is not just another low-latency feed distributor like the ones other tech companies already sell. Truth Social does not merely broadcast the president's announcements; it creates them. When Trump posts a tariff, a pardon or a policy, asset prices move. Now, whoever pays $100,000 a month will know the direction of that movement a few milliseconds before everyone else.
The legal loophole: is it insider trading?
The SEC's definition (which, skeptics say, is no longer what it used to be) fits the playbook: material non-public information obtained in breach of a relationship of trust. But here the information is generated by a sitting president and sold by a company he owns. Iran estimated the profits from market manipulation linked to Trump's posts at $9 billion. With Truth PSI, access is timed and billed. The analysis keeps circling back to the same question: is anyone going to stop this, or are we witnessing the institutionalization of insider trading?
Trump Media has turned the president's ability to shake up markets with a single post into a business. The new Truth PSI platform, launching on August 1, will give investment funds ultra-fast access to Truth Social messages before the public sees them. The price: $100,000 a month. The irony is perfect: it is marketed as a democratization of access to information, but it is exactly the opposite: a premium subscription for whoever can afford it.
A service that manufactures the news and sells it
The company itself admits it: "Markets already move on Truth Social posts," said the interim CEO. That is the key. This is not just another low-latency feed distributor like the ones other tech companies already sell. Truth Social does not merely broadcast the president's announcements; it creates them. When Trump posts a tariff, a pardon or a policy, asset prices move. Now, whoever pays $100,000 a month will know the direction of that movement a few milliseconds before everyone else.
The legal loophole: is it insider trading?
The SEC's definition (which, skeptics say, is no longer what it used to be) fits the playbook: material non-public information obtained in breach of a relationship of trust. But here the information is generated by a sitting president and sold by a company he owns. Iran estimated the profits from market manipulation linked to Trump's posts at $9 billion. With Truth PSI, access is timed and billed. The analysis keeps circling back to the same question: is anyone going to stop this, or are we witnessing the institutionalization of insider trading?
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (26 replies).
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