- 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.