Trump media firm plans to sell high speed access to Truth Social posts, possibly Trump's own
Key Points:
- President Donald Trump’s media company plans to charge Wall Street firms for high-speed access to Truth Social posts, including potentially his own, enabling traders to profit from rapid market reactions.
- The service, called Truth PSI, would give paying customers milliseconds' advance notice of posts from top Truth Social accounts, with Trump being the platform’s most followed user and largest shareholder of the parent company.
- Experts express concern over potential conflicts of interest, highlighting that Trump could financially benefit from privileged access to information related to his presidential actions, a practice seen as unprecedented among recent presidents.
- Trump Media & Technology’s stock has fallen 70% since Trump took office, but the company aims to boost revenue through ventures like Truth PSI, crypto, financial services, and nuclear fusion, with a new CEO leading the efforts.
- The company plans to launch Truth PSI next month, having already secured customers, while the stock saw a slight increase following the announcement.