Novelty of Truth Social leads Trump to be accused of corruption

A company responsible for Truth Social, Trump Media and Technology Group, announced the launch of a new service that gives social network users exclusive and anticipated access to publications made by some of the main pages of the platform. Of course, this access requires payment of a subscription.

How does the The Guardian, this service was announced by the acting CEO of Trump Media & Technology Group, Kevin McGurn, as “a direct, licensed and real-time feed of the most impacting Truths of the platform”, with the subscription price reaching $100,000 (86,8 thousand euros) per month.

Shortly after the announcement, US President Donald Trump began to be the target of criticism and accusations of corruption and market manipulation.

It is important to note that this type of service already exists on other social networks, so its existence is not exactly the novelty or reason for criticism. Trump happens to be one of the founders of Truth Social and is also the page with the largest number of followers of this social network, with more than 13 million people following its publications.

Adding to this it is important to remember that Trump often uses his Social Truth page to share management decisions in various areas – from tariffs to conflict with Iran.

For this very reason, critics point out that Trump will be one of the biggest beneficiaries of this new service and point to an attempt to manipulate the market. Account to Reuters that among the biggest critics are Democratic Senators Adam Schiff and Elizabeth Warren, who sent a letter to the president of the U.S. Securities Commission asking for this new service to be investigated.

“ This seems to be an outrageous abuse [and Trump] of the office of president for their personal benefit, which harms ordinary investors and the integrity of our markets, while enriching Wall Street and other people with inside information”you can read it in this letter.