Trump's Truth Social Eyes $100,000/Month Service for 0.001-Second Post Access
Translated from Korean, summarized and contextualized by DistantNews.
At a glance
- Trump Media & Technology Group (TMTG) is reportedly considering a $100,000 monthly subscription fee for its "Truth API" service.
- This service would allow subscribers to see posts from 10 influential accounts, including Donald Trump's, 0.001 seconds faster than regular users.
- Critics argue this service, aimed at businesses like financial firms, blurs the lines between Trump's personal business interests and his public role.
Donald Trump's social media platform, Truth Social, is reportedly planning a high-priced subscription service that offers users a minuscule but potentially lucrative head start on viewing posts. The Trump Media & Technology Group (TMTG) is considering charging $100,000 per month for its "Truth API" service, which would grant subscribers access to content from 10 key accounts, including Trump's own, a mere 0.001 seconds before they appear to the general public. A three-year commitment could reduce the monthly fee to $60,000.
Trump Media is considering a monthly subscription fee of $100,000 for the real-time paid service 'Truth API'.
This service, slated for launch next month, is primarily targeted at business-to-business clients. TMTG believes that for financial investment firms or global corporations, even a thousandth of a second can be critical for making profitable decisions. The rationale is that Trump's pronouncements on economic policy or international conflicts, such as potential war with Iran, can significantly impact stock and oil prices, making early access highly valuable.
Subscribers will be able to see posts from the 10 most influential accounts on Truth Social 0.001 seconds faster than general users.
The Wall Street Journal has criticized this move, calling it "the latest example of the Trump family mixing business interests with White House duties." Trump, through his trust, holds a 41% stake in TMTG, and his eldest son, Donald Trump Jr., sits on the company's board. The potential for such a service to influence markets based on early access to presidential statements raises significant ethical questions about the intersection of personal wealth and public office.
Trump's family mixing business interests with White House duties.
Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.