US president has incessantly been accused of buying and selling authorities affect for improper monetary achieve.
Revealed On 18 Jul 2026
United States President Donald Trump’s social media firm is reportedly contemplating charging a $100,00 month-to-month charge for precedence entry to his social media posts.
However that prospect has raised main moral issues, with critics denouncing the thought as a barrier to authorities transparency — and a way for Trump to revenue from the presidency.
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The information company Reuters indicated on Friday that Trump Media and Know-how Group, which owns the web site Truth Social, has mentioned charging monetary merchants and companies a steep charge for early entry to Trump’s posts.
A lower-tier charge of $60,000 a month was additionally reportedly mentioned for companies that join a three-year plan. The British newspaper The Monetary Instances additionally reported comparable particulars.
As president of one of many world’s largest economies, Trump has the facility to maneuver markets together with his statements. Economists say his remarks on social media — about new insurance policies like tariffs or worldwide conflicts — can spur modifications in world monetary prospects.
However pushback to the Fact Social charge proposal was swift. Trump has lengthy garnered criticism for leveraging the facility of his office for personal benefit, and ethics specialists characterised any charge as a risk to the functioning of US democracy.
“He’s promoting expedited, privileged entry to details about what he’s doing as president,” mentioned Kathleen Clark, an knowledgeable in conflict-of-interest guidelines at Washington College College of Regulation.
She advised The Related Press information company, “It’s but extra brazen corruption, an improper exploitation of presidency energy to counterpoint himself.”
Trump has made frequent use of social media throughout his time in workplace. Throughout his first time period, he was an avid person on the social media platform Twitter, now X.
However his false claims concerning the 2020 presidential election — and the next assault on the US Capitol on January 6, 2021 — prompted a number of platforms to droop his account.
Trump responded by investing in his personal media firm as a substitute, and he owns a majority stake within the Trump Media and Know-how Group.
Fact Social is one in every of its signature merchandise, and Trump has used the social media platform nearly completely since his 2021 departure from Twitter.
He incessantly turns to Fact Social to announce every thing from assaults on Iran to modifications in commerce coverage.
In the course of the US-Israel struggle on Iran, Trump’s social media posts incessantly prompted dramatic swings within the world vitality markets, which suffered as Iran closed the Strait of Hormuz to industrial visitors.
A social media publish from the president saying a 90-day pause on new tariffs on April 9, 2025, additionally noticed monetary indexes rise sharply.
The Trump Media and Know-how Group introduced on Thursday that it will supply a paid-for, licensed information feed dubbed “Fact API” for banks and buying and selling companies, granting them privileged entry to the web site’s 10 most influential accounts, of which Trump’s is by far probably the most outstanding.
Democratic lawmakers have been amongst those that criticised that announcement, with Senator Ron Wyden saying that it will “make Wall Road merchants wealthy” together with the Trump household.
