Trump cancels war in a tweet and makes a fortune: pay $100,000 and get an early peek

President Trump announced tonight on Truth Social the cancellation of a planned attack on Iran, hours after his company launched a new service called Truth API, giving investors early access to posts for $100,000 a month. Democrats allege blatant corruption and demand an investigation, and experts compare the act to insider trading.

President Donald Trump used his social network Truth Social tonight to announce the cancellation of a large-scale attack he said was planned against Iran. This is one of many announcements he has made in recent months on political and economic issues, which investors follow closely. Yesterday, the company operating the network, Trump Media & Technology, launched a new service called Truth API, giving investors and Wall Street firms early access to posts for $100,000 a month. The service provides real-time access to posts from both markets, and Trump's account, with about 13 million followers, is the most popular on the network. The company stressed that posts will also be published to the general public, but subscribers will get more immediate access, which could affect fast trading decisions. Democrats in Congress allege blatant corruption and demand an investigation, and senators like Elizabeth Warren and Adam Schiff sent a letter to the SEC. Experts, including Prof. Renee Jones of Boston College, say the service may violate laws against insider trading. Trump Media dismissed the criticism, claiming the letter was sent for political reasons. It is unclear how many companies have signed up for the service, but according to AP, even three companies would pay $100,000 a month, nearly doubling the company's revenue, which last year stood at $3.7 million. The company's shares have fallen 75% since Trump returned to the White House.