Episode
How Trump Media Could Profit From the President’s Truth Social Posts, Netflix Buys Ben Affleck's AI Company for $587 Million, and Homeless Nonprofit Faces Scrutiny Over CEO Contracts
- Podcast
- Headlines From The Times
- Published
- Jul 24, 2026
- Duration seconds
- 379
- Processing state
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Summary
Trump Media & Technology Group is launching a new service that gives paying customers real time access to President Donald Trump's Truth Social posts, potentially milliseconds before others see them. The new "Truth API" could benefit institutional investors and high frequency trading firms, where even fractions of a second can be worth millions of dollars. In this episode, we speak with L.A. Times business columnist Michael Hiltzik about the legal and ethical questions surrounding the service, why Wall Street reacts so quickly to the president's posts, and whether the $100,000 per month product could become a major new source of revenue for Trump Media as the company looks to offset steep financial losses. Netflix has acquired Ben Affleck's AI film-tech startup, InterPositive, for $587 million. The company says the technology will help speed up filmmaking while keeping creators in control, as Hollywood continues to debate the future of AI in entertainment. A Los Angeles Times investigation found that homeless nonprofit A Step to Freedom paid more than $1.7 million to companies owned by its CEO over three years. County officials later determined the food service contract created a conflict of interest, though no criminal allegations have been made against the organization. Read more at https://LATimes.com