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Trump Media to sell faster access to top Truth Social accounts: "Markets already move on Truth Social posts"
CBS News • • business
Key Points:
- Trump Media & Technology Group will launch a Truth API data feed on August 1, providing Wall Street firms with real-time access to posts from top Truth Social accounts, including President Trump's market-moving announcements.
- The API aims to deliver posts within milliseconds, targeting high-frequency trading firms and others sensitive to information delays, offering continuous 24/7 coverage and an archive dating back to 2022.
- Interim CEO Kevin McGurn highlighted the service as a potential significant revenue source through a high-margin, recurring subscription model, though pricing details have not been disclosed.
- The initiative reflects Trump Media's strategy to monetize proprietary content following the suspension and later reinstatement of Trump's accounts on major social media platforms after the January 6 Capitol riot.
