Reuters reported that the social network Truth Social, owned by Donald Trump's media company, is selling financial companies faster access to the US president's posts by receiving amounts of up to $100,000 a month.
Bloomberg News and two Wall Street financial trading firms are among the customers of this service, according to sources familiar with the matter. Quicker access to Trump's statements, which sometimes heavily influence financial markets, could give traders an edge.
This action was met with criticism regarding conflicts of interest and unequal access to government information, and two media organizations also filed a complaint against it.
Without specifically denying the sale of these services, Trump's media company said Truth Social offers a conventional service in the tech industry that is in high demand. At the same time, the company considered the Reuters report based on misleading information from anonymous sources with the aim of harming the company, its customers and its shareholders.
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