Trump Media to Sell Instant Access to Market-Moving Social Posts
Trump Media to sell instant access to 'market-moving' social posts
Trump Media & Technology Group is launching Truth API, a paid service delivering real-time updates from high-ranking Truth Social accounts to Wall Street firms. Starting August 1, this millisecond-fast feed aims to monetize the platform's market-moving influence, particularly from President Donald Trump, while forcing traders to pay for data they previously scraped. The move creates a unique conflict of interest as the President stands to profit directly from expedited access to his own public statements.
It would be unprecedented if the feature did include the president's posts.
- Havoc
Yet if the average corporate person does insider trading it comes with a prison sentence not pricing.
It’s wild how banana republic level corrupt the US is all of a sudden. Really went from 0 to 100 in months
- artisinal
I still remember when Obama wearing a tan suit was controversial.
- healthworker
This creates an incentive to post things that cause high volatility (even in the downward direction) as that creates a "subscribe if you want early warning of market dips" pressure factor.
- jaakkoc
Crazy times we live in that a president can do this.
- abrookewood
Seriously, there are no limits to his graft. This is commercialisation of insider trading. He is shameless.
- kleiba2
Every country gets the government it deserves.
-- Joseph de Maistre, 1811
- syoleene
If you pay to have the info a few seconds before everyone else, does this make it insider trading?
- xtiansimon
Kleptocracy in all its forms.
As this president likes to say,”A disgrace”. And every accusation is a confession.
Elections have consequences.