Trump Media & Technology Group, the company behind Truth Social, is set to roll out a paid service aimed at giving Wall Street firms high-speed access to its most influential posts starting August 1. This new feature promises instant updates from key accounts, with Donald Trump, the former U.S. President, boasting the highest follower count on the platform. The company hopes that this move will create a steady revenue stream as it currently operates at a loss.
The service is likely targeted at professional traders who need to stay ahead of market-moving news. You know how it goes—Trump’s posts can trigger immediate reactions in global markets, especially when he mentions trade deals or tariffs. A delay of just a few seconds can end up costing firms a lot of money. Up until now, traders and banks had to keep a manual eye on the app, but this new system will deliver posts directly to paying clients.
Markets are already sensitive to what gets posted on Truth Social; we’re talking milliseconds here. The posts will be included in this new paid feed. While other social media platforms have been selling data for some time, this move underscores the unique intersection of Trump’s private ventures with his public duties as president. If this feature does go live, it would be unprecedented, especially if it ends up putting regular traders at a disadvantage.
It’s fascinating to consider how the lines between Trump’s business interests and his political role continue to blur. This could be a game-changer for those looking to capitalize on his social media influence. So, what does this mean for the future of trading and social media? Only time will tell…
Kaynak: Orijinal Haber