Trump Media pitched US$100,000 fee for fastest feed of US president’s posts, sources say
Donald Trump's social media company has discussed charging Wall Street traders and investment firms as much as US$100,000 a month for faster access to the US president's posts on his Truth Social platform.
Intelligence analysis by Llama
Trump Media & Technology Group has pitched a paid-for, licensed data feed called 'Truth API' to provide banks and trading firms the fastest access to posts from the 10 most influential Truth Social accounts.
Imagine you're a trader trying to make money from the US president's posts on social media. If you can get the information a little bit faster than others, you can make more money. That's what Trump Media & Technology Group is trying to do by charging traders and investment firms for faster access to the US president's posts. It's like trying to get to the finish line first in a race.
Analysis
A $60B Vote of Confidence
Donald Trump's social media company, Trump Media & Technology Group, has been discussing charging Wall Street traders and investment firms as much as US$100,000 a month for faster access to the US president's posts on his Truth Social platform. This move would be the company's first step into data licensing, opening up a new revenue stream. The White House has referred questions on the matter to TMTG, which did not immediately respond to a request for comment.
Why Cursor?
The US president's posts often move markets, and even a tiny speed advantage can lead to big gains on trades for investors. This is why Trump Media & Technology Group is pitching a discounted plan of US$60,000 per month if the firms sign up for a three-year plan. The company has in recent weeks also pitched a paid-for, licensed data feed called 'Truth API' to provide banks and trading firms the fastest access to posts from the 10 most influential Truth Social accounts.
The Road Ahead
The move has drawn immediate criticism from Democrats. US Senator Ron Wyden of Oregon, the highest-ranking Democrat on the Senate Finance Committee, said it would financially benefit the Trump family and 'make Wall Street traders rich'. The company's decision to charge for access to the US president's posts has sparked concerns about the potential for market manipulation and the impact on the US financial system.
Key points
- Trump Media & Technology Group has discussed charging Wall Street traders and investment firms as much as US$100,000 a month for faster access to the US president's posts on his Truth Social platform.
- The company has pitched a discounted plan of US$60,000 per month if the firms sign up for a three-year plan.
- The move has drawn immediate criticism from Democrats, who say it would financially benefit the Trump family and 'make Wall Street traders rich'.
If the company's data licensing business takes off, it could lead to a significant increase in revenue for Trump Media & Technology Group, potentially making it a more attractive investment opportunity.
The company's decision to charge for access to the US president's posts has sparked concerns about the potential for market manipulation and the impact on the US financial system, which could lead to regulatory scrutiny and potential fines.
Market signals
- Gold Escalation drives safe-haven demand for gold, per the article's framing of investor reaction.
AI-generated analysis of potential market relevance. Not financial advice.
