Trump is selling high-speed access to his market-moving Truth Social posts
Trump Media is launching a paid API service called 'Truth API' to provide businesses with real-time, high-speed access to influential posts on Truth Social. The platform aims to monetize the market-moving nature of Donald Trump's social media activity.
Why it matters
This move highlights the intersection of political influence and financial markets, raising questions about transparency and potential conflicts of interest for a publicly traded company.
Trump Media, the company behind Truth Social, is selling Wall Street faster access to the “most market-moving” posts on the US President’s social media platform. On Thursday, Trump Media announced plans to launch “Truth API,” a licensed real time data feed for businesses that provides “the fastest access to Truth Social’s most influential accounts.” It goes live on August 1st.
Similar APIs are common across other social media networks, but those aren’t as fraught with conflicts of interest. While Trump Media hasn’t disclosed how much the API service will cost, it stands to benefit the Trump family, with them being the largest shareholder in the publicly traded company.
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