Economist Peter Schiff criticized Truth Social's $100K monthly early-access service for market-moving posts, arguing it's not standard practice for a company owned by a POTUS with exclusive access. This highlights ongoing scrutiny and potential regulatory risks for Trump Media's business model, especially given its financial struggles.
The filing details Peter Schiff's strong criticism of Trump Media & Technology Group's (DJT) Truth API, which charges up to $100,000 per month for early access to influential posts, including those from Donald Trump. This practice is drawing scrutiny from lawmakers and market commentators who question its impact on market integrity, especially given Trump's ownership and the market-moving potential of his posts. The controversy adds to the pressure on DJT, which has reported significant net losses despite rising revenue. For traders, this indicates potential regulatory headwinds and continued negative sentiment for DJT, reinforcing concerns about its long-term viability and business practices.