Trump Media to sell faster access to president's Truth Social posts
Summarized and contextualized by DistantNews.
At a glance
- Trump Media & Technology Group will offer a new data feed,
President Trump's media company is launching a new service that will provide Wall Street firms with faster access to posts from Truth Social.
Markets already move on Truth Social posts.
Trump Media & Technology Group announced Thursday it will introduce a Truth API data feed. This service will offer "real-time access to posts from the highest-ranking Truth Social accounts," according to the company. It is expected to be available starting August 1.
Kevin McGurn, interim CEO of Trump Media & Technology Group, stated that "Markets already move on Truth Social posts." The company aims to deliver posts to paying customers within "milliseconds." The API is designed for firms that are particularly sensitive to information delays, such as high-frequency trading companies.
provide continuous 24/7 coverage
The data feed will provide "continuous 24/7 coverage" and includes an archive of posts dating back to 2022. McGurn anticipates the offering will generate a "meaningful, ongoing source of revenue" for the company. He also noted that the "Truth API delivers a direct, licensed, real-time feed of the platform's most market-moving Truths while advancing our strategy to monetize proprietary assets through a high-margin, recurring revenue stream."
provide a "meaningful, ongoing source of revenue"
Mr. Trump founded his media and technology company in 2021. He is Truth Social's most prominent user, with 12.9 million followers. The platform has been used by Trump for significant policy announcements, including statements on tariffs and the Iran war that have impacted financial markets.
Truth API delivers a direct, licensed, real-time feed of the platform's most market-moving Truths while advancing our strategy to monetize proprietary assets through a high-margin, recurring revenue stream.
Originally published by CBS News. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.