On Monday, economist Peter Schiff criticized President Donald Trump’s Truth Social early-access service, arguing that selling faster access to potentially market-moving presidential posts is hardly standard practice.
Peter Schiff Challenges Trump’s Truth Social Defense Taking to X, Schiff criticized Trump Media and Technology Group Corp.’s (NASDAQ:DJT) Truth API, which provides paying customers with faster access to posts from prominent Truth Social accounts.
"Trump claims there is nothing wrong with Truth Social selling early access to his market-moving posts for $100K per month because selling early access is standard industry practice," Schiff wrote.
"Except it is not standard for a company to be owned by POTUS, with exclusive access to his posts!" Trump claims there is nothing wrong with Truth Social selling early access to his market-moving posts for $100K per month because selling early access is standard industry practice.
Except it is not standard for a company to be owned by POTUS, with exclusive access to his posts!— Peter Schiff (@PeterSchiff) August 10, 2026 When one user responded, "But you voted for him…," Schiff replied, "That makes my criticism more credible." Read Also: 'Trump Will Not Reach an Agreement With Us,' Iranian Conservative Claims: What Do Prediction Markets Say?
