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Trump Media to sell Wall Street access to market-moving Truth Social posts
MS NOW • • general
Key Points:
- Trump Media & Technology Group (TMTG), owned by former President Donald Trump, is launching "Truth API," a service providing Wall Street firms rapid access to market-moving posts from Trump's social media platform, Truth Social.
- Truth Social, launched in 2022, serves as Trump's primary platform for high-impact statements, including updates on U.S. tariff policies, international meetings, and the Iran conflict.
- TMTG expects Truth API to generate significant revenue as market participants increasingly react to posts on Truth Social, though the platform mainly features content from Trump and his close allies.
- Questions arise about potential conflicts of interest, as Trump is the majority stakeholder in TMTG and could financially benefit from the service while still posting on the platform.
- The service is set to launch by August 1, with clients already signed up, but details on pricing and differentiation from existing real-time market data services remain unclear.
