TL;DR by CuriousCats.ai
- Trump Media is launching a paid service called Truth API to provide Wall Street firms with high-speed access to its most influential posts, including those from President Donald Trump.
- The Truth API will deliver posts to paying institutional clients in milliseconds, starting on August 1.
- Kevin McGurn, the interim CEO of Trump Media, stated that markets already move on Truth Social posts and that the service will create a steady profit.
- The new commercial data feed aims to help Trump Media generate revenue as it is currently loss-making.
- Trump could benefit financially from this service, as he is the majority shareholder in Trump Media and stands to profit from selling expedited access to his own posts.
CuriousCats Full Story
Key Insight
“Kevin McGurn, interim CEO, said markets already move on Truth Social posts and that the paid feed will create a steady profit for the loss-making company. Trump, who owns 41% of Trump Media shares, stands to benefit directly from selling faster access to his own statements.”
CuriousCats studied:
1
BBC
BBC“Trump Media & Technology Group, which owns Truth Social, is launching a paid service to give Wall Street firms high-speed access to its most influential posts.”
BBC →2
CNN
“Truth Social will sell Wall Street firms quicker access to market-moving posts from President Donald Trump, the company said on Thursday.”
CNN →3
Reuters
“Shredded iceberg lettuce supplied by Taylor Farms and sold at some Taco Bell restaurants has been linked to a multistate outbreak of cyclosporiasis, a source familiar with the investigation said Thursday.”
Reuters →4
AP News
AP News“NEW YORK (AP) — President Donald Trump’s media company is planning to charge for special high-speed access to Truth Social posts, including possibly his own affecting national security and financial markets.”
AP News →
