TruthSocial News & Analysis
3 articles
Market Mood
Trump Media's Truth API Charges $100K Monthly for Access
Donald Trump has been sued by The Intercept Media and the Freedom of the Press Association to block his new Truth API service, which charges $100,000 per month for advance notifications of his posts on Truth Social. The lawsuit argues this scheme violates constitutional amendments by giving paying subscribers preferential access to public announcements. Trump Media CEO Kevin McGurn stated the company has signed over 10 customer agreements for Truth API, with payments ranging from $60,000 to $100,000 per month. This development could significantly affect market behavior related to Trump's public statements, making it important for investors to monitor the situation closely.
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Trump Media Launches Paid Truth API for Fast Social Post Access
Trump Media & Technology Group is set to launch a paid service called Truth API on August 1, which provides Wall Street firms with high-speed access to influential posts from its social media platform, Truth Social. This service aims to cater to financial traders who need immediate updates as Trump’s posts can impact market movements. The new system will deliver posts in milliseconds around the clock, marking a shift from the current manual monitoring approach. The company did not disclose pricing details but expects this move to generate a new revenue stream while potentially benefiting President Trump, the majority shareholder, directly from subscriptions.
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Trump Media to sell fast access to Truth Social posts
Trump Media plans to offer trading firms quicker access to posts from Truth Social, the social media platform launched by Donald Trump. This move aims to provide high-speed information sharing that could influence market behavior. The sale and implications of this access have attracted criticism regarding ethical considerations. For investors, this development highlights potential market volatility tied to social media updates and news cycles.
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