Trump Media and Technology Group has begun selling early access to President Donald Trump’s social media posts to Wall Street firms. The company, which owns the Truth Social platform, has signed over 10 customer agreements, mostly with high-frequency trading companies, to provide instant access to Trump’s posts for a fee of $60,000 to $100,000 per month.
Early Access to Market-Moving Announcements
The direct link to Trump’s posts, known as an application programming interface (API), gives Wall Street firms a leg up over retail traders by delivering the posts split seconds faster than the public sees them. This can be crucial for high-frequency trading machines, which look for signs to buy or sell, and by the time regular traders notice, it’s often too late to take advantage.
Trump often announces policy decisions on his social media platform, sometimes even before his own administration is aware. Instant access to these market-moving announcements could send oil, bonds, stocks, or other assets sharply higher or lower.
Revenue Stream for Trump Media
The company believes this can grow into a meaningful and durable contributor to its revenue. Trump Media is also in active conversations to grant Truth API access to news organizations and AI companies.
However, the plan has raised concerns among some lawmakers, with Democratic Sens. Elizabeth Warren and Adam Schiff urging federal regulators to investigate whether the arrangement violates federal securities law.
Original reporting: KEYT (Ventura/Santa Barbara) — read the source article.
