Donald Trump Photo: Getty Images
The social media platform Truth Social, founded by US President Donald Trump, has signed agreements to provide paid, priority access to his posts, Reuters reports, citing informed sources.
The service’s clients include the Bloomberg news agency and two Wall Street financial firms — Susquehanna International Group and Jump Trading — which specialise in high-frequency and algorithmic trading. The service costs up to $100,000 (approximately 1.8 million lei) per month.
The paid Truth API service allows users to receive Trump’s posts faster than through normal use of the social network. According to Trump Media representatives, the time advantage amounts to 50 milliseconds. This could give traders an edge when executing trades, as statements by the US president are capable of influencing financial markets.
Trump Media & Technology Group (TMTG), the owner of Truth Social, launched the service in July. In August, it announced that it had signed more than ten agreements with clients, predominantly Wall Street trading firms, which pay between $60,000 (around 1 million lei) and $100,000 (18.04 million lei at today’s exchange rate) per month. Reuters was unable to independently verify these figures.
Trump Media confirmed that there is demand for the Truth API, but described the agency’s sources as misleading. Bloomberg, Jump Trading and Susquehanna declined to comment.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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