Trump Media to sell fast feed of key posts to Wall Street
Trump Media & Technology Group is launching a paid API service to provide financial firms with high-speed access to Truth Social posts. The move aims to monetize market-moving content from high-profile users like Donald Trump.
Why it matters
This represents a unique intersection of social media, political influence, and high-frequency financial trading.
Image source, Getty Images Image caption,
Trump Media & Technology Group, which owns Truth Social, is launching a paid service to give Wall Street firms high-speed access to its most influential posts.
From 1 August, instant updates will be delivered from "the highest-ranking" accounts, it said. US President Donald Trump currently has the most followers on the platform.
The company behind the app hopes it will create a steady new source of money for the firm which is currently loss-making.
It is likely to be aimed at financial traders who want to see market-moving news fast. Trump’s social media posts often cause sudden swings in global markets, especially when he writes about trade and tariffs.
For firms, a delay of even seconds can be costly. Until now, banks and traders had to monitor the app manually. The new system will send posts directly to paying clients.
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