CNBC's Liesman blasts Trump's 'Truth Social' paid access plan

CNBC Senior Economics Reporter Steve Liesman lashed out on the 17th against Trump Media's plan to offer a 'Truth API' service that would charge financial firms to view President Trump’s social media posts first, saying the idea "makes me want to puke." MSNBC anchor Stephanie Ruhle questioned whether the service amounts to "insider trading" or a "scam."

A spokesperson for Truth Social fired back at Liesman's criticism, calling it an "ill-informed comment," and emphasized that it is standard practice for financial firms to purchase paid data feeds on other platforms.

Experts noted that a difference in access time of mere milliseconds can be a significant variable for professional traders operating second-by-second trading algorithms.