What smart people are saying about Trump Media charging for early access to the president's Truth Social posts
Trump Media & Technology Group has launched the 'Truth API,' a service that sells institutional investors early access to posts from prominent users, including Donald Trump. Critics and market analysts are debating the implications of monetizing market-moving social media content and the potential for increased volatility.
Why it matters
The service raises ethical and financial questions regarding the democratization of market information and the potential for 'pay-to-play' advantages in financial trading.
Trump Media & Technology Group launched Truth API on Saturday. Aaron Schwartz / AFP Trump Media launched Truth API on Saturday. Truth API sells early access to posts from prominent Truth Social users like President Donald Trump. Reuters reported that Trump Media considered selling that access for $100,000 a month. There's a new way to make and lose money. Trump Media has officially launched the Truth API, a business-to-business data feed that provides customers with faster access to posts from prominent Truth Social accounts. That includes President Donald Trump , whose constant stream of posts can cause shifts in financial markets. Institutional customers gained access to the service on Saturday. A few hours later, Trump announced on Truth Social that he was, again, close to a deal to end his war on Iran.
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