AI Summary
5 min readTruth Social Paid Access, Colorado River Cuts, FIFA's Faceplant
President Trump's social media company is now selling early access to his posts, a service one Wall Street executive called "insane" and said "in another administration it would be viewed as criminal." That story leads a packed news weekend that also includes a new federal plan for the Colorado River that could cut water to the Southwest by up to 40%, and a stunning collapse of FIFA's plan to sell stakes in the World Cup after European teams threatened a boycott.
Truth Social's Million-Dollar Information Edge
Trump Media and Technology Group, which owns Truth Social, is offering a product called Truth API to banks and institutional investors. The service, priced at over a million dollars a year, gives paying clients faster access to posts from Trump and others on the platform. The rationale is straightforward: Trump's announcements about government policy, conflicts in the Middle East, and other developments can move company share prices. Getting his post even milliseconds faster could create a trading advantage.
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What you'll learn
- 1 (00:02) **Trump's Truth Social Sells Early Access to His Posts** - Trump Media offers "Truth API" to institutional investors for over $1 million a year, giving them a head start on Trump's market-moving posts.
- 2 (05:36) **New Federal Plan for Colorado River Water Cuts** - The Interior Department proposes a 10-year framework with potentially steep cuts for Arizona, California, and Nevada, up to 40% in the worst-case scenario.
- 3 (09:33) **FIFA's Plan to Sell World Cup Stakes Collapses** - FIFA President Gianni Infantino's proposal to sell up to 20% of a new $20 billion entity to private investors, including Jared Kushner's brother, was killed within days after a player revolt.
- 4 Standout Quotes
- 5 "There's no way myself and two hundred of my friends in finance will get anywhere near the service since in another administration it would be viewed as criminal." — anonymous Wall Street executive on Truth Social's API
- 6 "The World Cup is not for sale." — UEFA statement rejecting FIFA's private investment plan
- 7 "Clearly the last two and a half years of negotiations hasn't worked. So let's change that up. Let's use this as an opportunity as a pivot point to start something new." — John Bergren, Western Resource Advocates, on the Colorado River plan
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