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Seeing 0.001 Seconds Faster Costs $100,000 a Month
๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Economy & Trade

Seeing 0.001 Seconds Faster Costs $100,000 a Month

From Dong-A Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Context piece
  • A US investment firm is offering a service to see Donald Trump's Truth Social posts 0.001 seconds earlier for $100,000 per month.
  • The service, marketed by Trump's company TMTG, highlights posts that allegedly moved markets, including one from April last year that preceded a stock surge.
  • Critics argue the venture exploits the presidency for personal gain, while Trump's earnings have significantly increased, partly through meme coins and investments in defense startups.

A new service offered by Donald Trump's company, TMTG, promises to give clients a 0.001-second head start on viewing the former president's Truth Social posts. Marketed to Wall Street investment firms, the 'Truth API' service comes with a hefty price tag of $100,000 per month, with a discounted rate of $60,000 annually for a three-year commitment.

A post on 'realDonaldTrump' generates a global reaction. There has been no signal comparable to this until now.

โ€” TMTG promotional materialDescribing the impact and reach of Donald Trump's social media posts.

TMTG is actively promoting the service by citing specific examples of Trump's posts that allegedly influenced market movements. One such post, made approximately four hours before an official announcement on tariff deferrals, encouraged investors to buy, leading to a significant surge in the US stock market shortly after. The service reportedly includes posts from Trump's sons as well.

Companies and investors are reportedly willing to pay such exorbitant fees because even a minuscule head start can translate into substantial profits, especially for high-frequency trading firms that rely on nanosecond-level transactions. However, the venture has drawn criticism, with accusations that it exploits the presidency for personal financial gain.

It is the best time to buy now.

โ€” Donald TrumpA post that allegedly preceded a significant stock market surge.

Meanwhile, Trump's personal wealth has seen a dramatic increase. His earnings last year reportedly reached at least $2.2 billion, a fourfold increase compared to the year before he entered the White House. A significant portion of this income, $636 million, comes from royalties generated by his meme coin, $TRUMP. Additionally, 15 companies, including defense startups invested in by his sons, have secured at least $3.2 billion in contracts or support from the US government following their investments.

Profits are being made by exploiting the presidency.

โ€” Article AuthorCriticism leveled against the TMTG service.
DistantNews Editorial

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.