Trump's social media platform will launch paid access to his posts for traders
U.S. President Donald Trump’s social media platform plans to sell traders fast access to his posts. This decision stems from the fact that the U.S. leader’s social media statements have repeatedly influenced financial markets, causing sharp fluctuations in asset prices.
On Thursday, Trump Media made it clear that it wants traders and investors to start paying for instant access to Trump’s posts on the social network Truth Social. The company explicitly stated that it plans to launch such a system, which will go live as early as August.
This “subscription” service will be available to institutional clients, including companies engaged in high-frequency trading. According to Trump Media, some clients have already signed up ahead of the official launch of this new access to posts.
At this time, the company has not provided any details regarding the cost of the service or how much faster clients will receive Trump’s posts compared to the rest of the world.
According to the WSJ, financial firms regularly pay for API access to various social media platforms, including X and Reddit, to obtain data milliseconds faster than it becomes publicly available.
The publication also explained that with Trump’s return to the presidency and his regular activity on social media, traders have had to monitor him around the clock in search of news that could impact the market.
In particular, changes to tariffs introduced last year instantly affected stock prices. During the conflict between the U.S. and Iran, Trump’s periodic statements and peace talks sometimes caused oil prices to plummet. Due to the drop in futures prices, some traders suffered losses on deals worth millions of dollars.
Now, according to Trump Media, the new communication channel will eliminate delays for companies that rely on immediate access to Trump’s posts.
In addition, Acting CEO Kevin McGurn noted that the Truth API is expected to become a significant source of recurring revenue for Trump Media, which, in addition to social media, has expanded its operations into the fields of cryptocurrency and thermonuclear fusion.
This was reported by The Wall Street Journal.
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