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Truth Social to sell Wall Street firms the 'fastest' access to Trump's posts
4 days ago
- Trump Media & Technology Group launched Truth API, a paid data feed for fast access to influential Truth Social posts.
- The service targets algorithmic trading firms and others sensitive to information delays, offering posts from top accounts like Trump's.
- It provides 24/7 coverage and an archive from 2022, aiming to generate new revenue and curb unauthorized data scraping by firms.
- The product is set to launch on August 1, with customers already signed up, as posts from Trump have previously impacted global markets.
Truth Social will sell Wall Street quicker access to posts
4 days ago
- Truth Social is launching a paid API for Wall Street firms to access real-time posts from Donald Trump and other top accounts, aimed at monetizing market-moving content.
- Trump's posts on Truth Social have previously influenced stock, oil, and cryptocurrency markets, with algorithms using faster data for trading profits.
- This move adds to Trump Media's revenue streams amid criticism of conflicts of interest, as Trump profits from business ventures tied to his presidency.
Trump Media to sell instant access to 'market-moving' social posts
4 days ago
- Trump Media & Technology Group, owner of Truth Social, is launching a paid service called Truth API to provide Wall Street firms with high-speed access to market-moving posts from influential accounts.
- The service, starting 1 August, aims to create a steady revenue stream for the loss-making company by charging institutional clients for instant, 24/7 updates, potentially including posts from Donald Trump, the platform's most-followed user.
- Financial traders are the target audience, as delays in accessing Trump's posts, which often cause market swings, can be costly; the move may force firms currently copying data without permission to purchase the official feed.
- The initiative highlights the overlap between Trump's private business and public role, with experts noting it's unprecedented if presidential posts are included, but legally permissible under securities laws.
Trump Media plans to sell priority access to Truth Social posts
a day ago
- Trump Media plans to charge for high-speed access to Truth Social posts, allowing Wall Street firms to profit from early market-moving information.
- Critics label the new service, Truth PSI, as exploitation of the presidency for personal gain, given Trump's role as top poster and major shareholder.
- Trump uses Truth Social to announce decisions affecting markets, such as posts on Iran and tariffs, which can influence oil prices and inflation.
- Trump Media's stock has fallen over 70% since Trump took office, erasing billions in shareholder wealth, amid broader losses from family crypto businesses.
- Despite conflict of interest laws, Trump is exempt as president, though past presidents have divested assets; he has not, maintaining ownership through a trust.

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Truth Social to sell Wall Street firms the 'fastest' access to Trump's posts

Truth Social will sell Wall Street quicker access to posts

Trump Media to sell instant access to 'market-moving' social posts

Trump Media plans to sell priority access to Truth Social posts