Truth Social to sell banks 'fastest' access to Trump's posts
The paid feed gives financial firms and news organizations real-time access to influential posts, including an archive dating back to 2022.
- Trump Media & Technology Group launched Truth API on Thursday, offering financial firms 'licensed, real-time access' to posts from President Donald Trump and other top accounts, with the service available to enterprise customers starting in August.
- Trump's @realDonaldTrump account dominates Truth Social with 12.9 million followers, and he regularly posts official communications first on the platform, making it a must-follow for Wall Street firms tracking the presidency.
- The API delivers significantly faster data access than manual scraping and includes 24/7 coverage plus a post archive dating to 2022, targeting algorithmic trading firms where information delays carry financial costs, interim CEO Kevin McGurn said.
- Ethics attorney Virginia Canter with Democracy Defenders Fund called it 'a huge conflict of interest,' arguing Truth Social has 'become the de facto presidential press room,' while The White House declined comment and forwarded inquiries to the Trump Organization.
- With Trump Media shares down 84% since going public on Nasdaq under ticker DJT in March 2024, the Truth API represents a critical revenue stream for the struggling company amid broader market challenges.
38 Articles
38 Articles
Truth Social plans paid fast-lane access to Trump's market-moving posts
Trump's media company plans a paid Truth Social service offering millisecond access to top posts. The proposal has sparked conflict concerns because presidential updates could move markets and enrich him.
The Toronto Star
Trump media firm plans to sell high speed access to Truth Social posts, possibly Trump’s own
NEW YORK (AP) — President Donald Trump's media company is planning to charge for special high-speed access to Truth Social posts, including possibly his own affecting national security and financial
Trump media firm plans to sell high speed access to Truth Social posts, possibly the president’s own
The move announced Thursday would allow Wall Street trading firms and other institutions to get news from Truth Social contributors in milliseconds so they could profit off subsequent moves in stocks, bonds and interest rates.
Dubious Trump Truth Social scheme raises red flags for expert
President Donald Trump has cooked up a scheme to sell access to his Truth Social posts before the general public can see them, a move that raised red flags for one ethics expert. The Wall Street Journal reported on Thursday, citing statements from Trump's media company, that it "wants traders and investors to pay for instant access to his Truth Social posts, the latest example of the first family mixing its business interests and White House aff…
Associated Press News
Trump media firm plans to sell high speed access to Truth Social posts, possibly Trump's own
President Donald Trump's media company is planning to charge for special high-speed access to Truth Social posts, including possibly his own affecting national security and financial markets.
Coverage Details
Bias Distribution
- 58% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
