Trump Begins Selling $100,000 Monthly Subscription Service to Wall Street
Trump Media has officially launched its $100,000-per-month data feed giving trading firms machine-readable access to Truth Social posts milliseconds before the public. According to Fortune, five Wall Street firms have already signed up for the service, which "would generate about $500,000 in monthly revenue, or $6 million annually."
Critics argue the service could let President Trump, who owns about 41% of the company, profit from early access to market-moving presidential communications. "I'll be blunt," Gian Luca Clementi, an economics professor at NYU Stern School of Business, told Fortune. "This is insider trading by definition."
"He's going to monetize the role of the office of the president of the United States," he said. "The undisputable fact is that somebody is going to earn some more money than before, and that's the president of the United States." From the report: Trump's media venture has struggled to build a profitable social media business despite its lofty valuation. Truth Social has reported significant operating losses since going public. According to the company's earnings report for Q1 2026, Trump Media & Technology Group netted a roughly $405 million loss and raised less than $900,000 in sales.
Not everyone agrees the arrangement meets the legal bar for insider trading. Shannon Devine, a spokeswoman for Trump Media & Technology Group, has pushed back on the characterization, telling Quartz that Truth API "offers customers the fastest way to ingest publicly available Truth Social data" and that critics "must have invented a new theory of 'insider trading' based on publicly available information."
Classic insider trading law hinges on trading on secret, material information in breach of a fiduciary duty, and Truth Social posts are, by design, meant to become public within moments -- raising real doctrinal uncertainty about whether faster access alone qualifies. But other legal experts argue the greater risk lies ahead. Richard Painter, former White House chief ethics counsel, has argued that the arrangement could violate federal law once Trump posts genuinely market-moving news -- on tariffs, military action, or other policy decisions -- before it's public, with Truth Social effectively acting as a paid "tipper" on the president's behalf. Sen. Alex Padilla (D-Calif.) said he plans to introduced legislation Tuesday to ban the president from selling expedited access to his statements.
Read more of this story at Slashdot.
Dressed to run the country? PM's de facto deputy 'Red Lou' Haigh turns up for work (in scuffed-up trainers) as she's left as most senior minister in UK while Burnham takes a family holiday
The 39-year-old, who is Mr Burnham's de facto deputy in her role as First Secretary of State, was photographed going about her duties in Whitehall in the Prime Minister's absence.
Embattled FIFA president Gianni Infantino is accused of BLACKMAIL by head of Jordan FA in extraordinary statement
Jordan FA president Prince Ali bin Hussein has accused Gianni Infantino of blackmail as pressure continues to mount on the FIFA president.
Farm workers 'punched, kicked and stubbed cigarette on cows' at award-winning dairy supplying Tesco and Muller
The undercover footage was obtained during an undercover operation which saw kicks being aimed at the defenceless cows' udders, underbellies, backsides and legs.
Why do King Charles and Queen Camilla spend so many weekends apart? ROBERT HARDMAN and REBECCA ENGLISH answer all your burning royal questions on latest Palace Confidential
On the latest episode of Palace Confidential, royal experts Robert Hardman and Rebecca English sit down to answer questions about the monarchy you've always wanted to ask.
Immigration probe launched over 'missing' Ugandan boxers who have not returned home from Glasgow's Commonwealth Games
The Ugandan sporting news website NBS Sport said that four members of the team did not rejoin the delegation before thier scheduled return on Tuesday.
Trump Administration Drafting Ban On Chinese Data Center Devices
Longtime Slashdot reader schwit1 shares a report from Reuters: The Federal Communications Commission, which oversees the U.S. telecom industry, is working on the measure to bar imports of new Chinese optical transceivers, which allow data to travel over fiber-optic cables at the speed of light within data centers. Officials hope to publish it this year, when it would take effect. The move, not previously reported, aims to prevent Chinese firms from stealing data, installing malware or disrupting service at U.S. data centers, which house the chips to train and run AI models.
The FCC could still modify or shelve the restriction, the sources stressed, speaking on condition of anonymity to discuss sensitive matters. [...] A U.S. ban on new models of Chinese data center devices would likely hit China's Zhongji Innolight, one of the biggest global sellers of transceivers, which was added to the Pentagon's list of alleged Chinese military-backed companies in June. The list can be a harbinger of tougher action. A ban could also raise costs for American cloud firms such as Amazon Web Services, as it may force them to transition to other producers such as U.S.-based Coherent and Lumentum.
Read more of this story at Slashdot.
Beloved 80s comedy star who shared the screen with John Cusack and Keanu Reeves seen on rare outing with husband in LA... can you guess who?
In photos exclusively obtained by the Daily Mail, the 64-year-old actress and her spouse, 67, were seen getting in their steps on the summer day in Southern California.
Apple Says More Ex-Employees May Have Taken Confidential Data to OpenAI
Apple is now seeking a preliminary injunction to prevent OpenAI and Jony Ive's io startup from developing AI hardware allegedly based on stolen Apple trade secrets. "The iPhone maker also claims that more of its former employees may be involved with the trade secrets theft," reports TechCrunch. From the report: In a new filing, Apple is requesting expedited discovery from the accused OpenAI employees, senior systems engineer Chang Liu and Chief Hardware Officer Tang Yew Tan; OpenAI, and its foundation; and io, the device startup co-founded by Apple's former lead designer Jony Ive. Apple also notes that its continued investigation has so far revealed 11 other former Apple employees beyond Liu and Tan may have been witnesses or otherwise involved in the case, and others who were previously named in the original complaint, like OpenAI employee Yu-Ting Peng.
The filing marks an escalation in Apple's legal battle with OpenAI, as it suggests Apple has uncovered new evidence that the misconduct goes beyond the former employees named in the original complaint. "For example, another former Apple employee seems to have met with Mr. Liu and Ms. Peng in advance of Ms. Peng's interview at OpenAI and discussed with them during that meeting Apple proprietary information relating to unannounced products," the filing states. "Yet another former Apple employee took screenshots of confidential Apple documents relating to an unannounced Apple product before an interview at OpenAI."
"And, after Apple filed its complaint, multiple former Apple employees now working at OpenAI reached out to discuss returning Apple-issued work devices they kept when they left Apple," Apple claims, suggesting there were more who were possibly involved with the scheme. Apple is pushing the court to allow for expedited discovery because it believes it has good cause to suspect that there are others involved in the theft of its intellectual property. The company noted that its motion for a preliminary injunction is also pending. Apple's request for a preliminary injunction is "both based on false information and completely unnecessary because we do not have, nor want, any of their trade secrets," said OpenAI in a blog post.
"We're much more interested in building innovative products and technologies that push the frontier," OpenAI's statement reads.
Read more of this story at Slashdot.
Bypassing AI guardrails is so easy a script kiddie can do it
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Chris Watts' secret playbook: Deadly kink and disturbing dating photos revealed in lover's graphic account of his method: 'I hate the things I let him do to me'
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Blenheim Palace has a new heir: Future Duke of Marlborough George Spencer-Churchill, 34, secretly welcomes his first son with childhood sweetheart
Blenheim Palace has a new heir after the Marquess and Marchioness of Blandford welcomed a baby boy named Orlando Charles Godolphin.
Chelmsford market trader makes 'emotional' decision to retire after 'two years from hell'
He is one of the longest serving traders at the market - and he'll be missed!
Ex-Labour candidate jailed over serial NHS fraud: 'Walter Mitty' used fake Oxford degree to land senior roles before swindling taxpayers out of £170k by claiming sick leave for 'tiredness' and 'anxiety'
Amran Hussain has been jailed after his trail of deception finally came to an end when he was arrested at a cottage he was renting from his aristocratic landlords.
The Commitments star Angeline Ball, Bono and Steve Coogan lead arrivals for the funeral of Glen Hansard in Dublin after musician died in motorbike crash
The Commitments star Angeline Ball joined Bono, Steve Coogan and Gerry Adams at the funeral of Oscar-winning Irish musician Glen Hansard at St Patrick's Cathedral in Dublin on Tuesday.
This one time, at Hacker Summer Camp …
What to expect as BSides, Black Hat, and DEF CON descend on Las Vegas
I am being hounded to pay my licence fee even though I don't watch live TV. This was the letter I was sent... what can I do? SALLY SORTS IT reveals why so many are being targeted - and how to end your torment
TV licensing sent me a letter saying I watched BBC iPlayer without a licence. But I don't know what iPlayer looks like, never mind how to use it...
Migrant invasion of Ceuta was an 'attack', Spanish enclave's leader declares as he accuses Morocco over the 'atrocity'
Juan Jesús Vivas called the events an 'atrocity,' adding: 'There are 88 bodies in the morgue, and there are more on the other side of the border.'
When will hosepipe bans end in Essex? Here's the latest updates from water firms
Residents across the majority of Essex are facing hosepipe bans. Here's what each water company that supplies the county has said on when the bans will end.
When will hosepipe bans end in Essex? Here's the latest updates from water firms
Residents across the majority of Essex are facing hosepipe bans. Here's what each water company that supplies the county has said on when the bans will end.