CONNECT WITH US
Social Media

Social Media

Trump Media to sell early access to key social posts

BBC News – Social Media logo

Published on

Add as a preferred source on Google
Trump Media to sell early access to key social posts

Trump Media to sell early access to key social posts

ByFrancisco Velasquez
Business reporter
  • Published

Trump Media & Technology Group, which owns Truth Social, is launching a paid service to give Wall Street firms high-speed access to its most influential posts.

Launching 1 August, instant updates will be delivered from key accounts, it said. President Donald Trump currently has the most followers on the platform.

The company behind the app hopes it will create a steady new source of money for the firm which is currently loss-making.

It is likely aimed at financial traders who want to see market-moving news fast. Trump’s social media posts often cause sudden swings in global markets, especially when he writes about trade and tarriffs. For firms, a delay of even seconds can be costly.

Until now, banks and traders had to monitor the app manually. The new system will send posts directly to paying clients.

"Markets already move on Truth Social posts", said Kevin McGurn, the interim boss of Trump Media, adding that the service will create a steady profit.

The new commercial data feed, named Truth API, promises to deliver posts to paying institutional clients in "milliseconds".

The service will run 24 hours a day, seven days a week.

The company, which launched its social media app in 2022, said some firms have been copying its data for months without permission.

McGurn warned that Trump Media will soon block these methods, forcing firms to buy the official feed instead.

President Trump could benefit substantially from the move. Since the Trump family remains the majority shareholder in the company, the president stands to profit directly from selling expedited access to his own public statements.

The BBC has reached out to Trump Media for comment to confirm if his posts will be included in the paid feed, but did not receive an immediate response.

While other social media networks already sell data, the move highlights the unique overlap between Trump’s private business and his public role as president.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.