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Truth Social Early Access Service

14:33 recording · EN · 5 speakers

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Brief overview

Trump monetizes his posts, Colorado River faces 40% cuts, and FIFA's World Cup sell-off collapses.

  1. Selling a president's posts alarms Wall StreetFormer SEC lawyers call Truth API a likely insider trading violation, and one executive said 200 friends in finance would not touch it.
  2. Colorado River cuts could reach 40 percentThe Interior Department's 10-year plan puts Arizona, California, and Nevada in line for steep reductions, with Phoenix expected to be hit hardest.
  3. A player and team revolt killed FIFA's sell-offUEFA's boycott threat ended the 20% World Cup stake plan in days and left Infantino's presidency in doubt.
Executive Summary AI
  • Truth Social began selling Truth API, offering banks and institutional investors early access to posts from Trump and other prominent users for a fee of up to $100,000 a month.1:07
  • Bobby Allen reported that former SEC lawyers say the service looks like it violates insider trading laws, that Senators Elizabeth Warren and Adam Schiff demanded an SEC investigation, and that the company defends it as faster access to public information.2:04
  • The Interior Department's new 10-year framework for the Colorado River, which supplies more than 40 million people across seven U.S. states, could cut water by up to 40% for Arizona, California, and Nevada, with Arizona counterproposing voluntary cutbacks of about 20 percent.4:35
  • FIFA's plan, broken by Martin Ziegler at The Times on Tuesday, to sell up to 20% of a new $20 billion entity bundling World Cup commercial rights collapsed within days after UEFA voted to boycott every FIFA competition.8:32
  • Michelle Steele said UEFA has since declared it lost confidence in Gianni Infantino, calling the scheme a shabby, backroom, opaque deal, leaving his survival until the March election an open question.12:13
Key Quote
“And I got to say, Scott, this is just a very unusual product for a president to be selling his social media posts.”
— Bobby Allen1:52
Key Quote
“And this person called the service, quote, insane and said there's no way, quote, myself and 200 of my friends in finance will get anywhere near the service since another administration, it would be viewed as criminal.”
— Bobby Allen2:54
Key Quote
“The president is just finding new and unusual ways of growing his family's wealth while governing the country.”
— Bobby Allen3:56