Trump's company will sell faster access to his posts for $100,000 a month

What is known

Company Trump Media & Technology Group (TMTG), which owns the Truth Social social network, plans to launch the service Truth API for professional investors. According to the data Financial Times, the cost of access can reach 100 thousand dollars per month.

The new service will allow hedge funds and algorithmic trading companies to receive Donald Trump's posts a few milliseconds before other users. For such market participants, even such a small advantage can affect the results of trading.

Why is this important?

TMTG expects that the demand for the service will be high, because the statements of the US president regularly affect the financial markets. The company reminds that Trump's individual publications have already caused sharp changes in the value of shares, oil and other assets.

At the same time, the initiative caused criticism on Wall Street. Some market participants believe that the sale of priority access to the messages of the current president may create an unequal playing field for investors and increase the issue of conflict of interest.

What's next?

Launching Truth API scheduled for August 1. The company hopes that the new service will become an additional source of income for Truth Social and help improve the financial performance of the business.