Why is Trump Media selling early access to Trump's Truth Social posts?
The service reportedly costs up to $100,000 (£74,170) per month and offers access to posts from influential accounts milliseconds before they appear online.
Trump Media & Technology Group has launched a service called Truth API, which offers faster access to posts from high-ranking Truth Social accounts. According to BBC Business, the service costs up to $100,000 per month. Business Insider reports that the API tool sends paying customers a machine-readable feed of posts, with updates arriving in milliseconds.
The service has raised questions, including from some of Trump's own supporters and Democratic senators, who wrote to the SEC that it appears to be an "outrageous abuse of the President's office". Business Insider notes that Trump has the largest following on Truth Social, where he regularly posts market-moving information.
The Truth API allows paying customers, likely investment firms, to plug their trading tools directly into Truth Social's flow of data. This provides them with early access to posts from influential accounts, milliseconds before they appear online.
Brief written by urgent.news from BBC Business, Business Insider, Handelsblatt, Fast Company — 4 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
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