Trump's Truth Social launches paid API for traders to access posts faster

Donald Trump's media company is launching a new paid service called Truth API, designed to give banks and trading firms the fastest possible access to posts from influential accounts on its Truth Social platform. The service aims to capitalize on the market-moving nature of Trump's own posts, which have previously caused significant global market fluctuations.

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Truth Social posts can cause market volatility... as the service grows, we expect Truth API to become a stable and significant revenue source for the company.

Truth API will track influential posts 24/7 and provide access to an archive dating back to 2022. The company stated that the data stream service is intended for institutions most affected by information delays, such as algorithmic trading firms. Until now, businesses tracking influential posts relied on manual monitoring, a gap Truth API intends to fill.

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The only poster on Truth Social who is truly moving markets is Trump himself.

Kevin McGurn, acting CEO of TMTG, highlighted that Truth Social posts can cause market volatility and anticipates Truth API will become a stable revenue source. He noted that Trump himself is the only poster on Truth Social whose posts truly move markets, according to Mark Spiegel, managing partner at Stanphyl Capital Partners. Spiegel also commented that while it might seem unfair, such tiered information access is not uncommon in the market and does not violate federal securities laws.

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While it might seem unfair, tech platforms can indeed offer tiered information, and it doesn't violate federal securities laws.