Trump Media launches paid ‘fast feed’ for Wall Street
Trump Media is rolling out a paid 'fast feed' for Wall Street traders to get instant access to its most influential posts.
The update
Trump Media and Technology Group is launching a paid service to give financial traders high-speed access to its most influential posts. The service, called Truth API, will deliver posts to paying institutional clients in milliseconds. It is set to begin on August 1 and will operate 24 hours a day, seven days a week.
Why it matters
Trump’s social media posts often cause sudden swings in global markets, especially when he writes about trade and tariffs. For firms, a delay of even seconds can be costly. The new system aims to create a steady profit stream for the company, which is currently loss-making. The move highlights the unique overlap between Trump’s private businesses and his public role as president.
What to watch
Trump Media has not disclosed the pricing for the service. It remains unclear if the president’s own posts will be included in the paid feed. The company has warned that firms copying its data without permission will be blocked.
Sources
- Al Jazeera — Context on the ethical concerns and potential pricing of the service.
- BBC — Details on the launch date, service name, and target audience.