Trump's words can move billions. Now his company is selling a head start
For up to US$100,000 per month, subscribers can receive the US president's Truth Social posts milliseconds before everyone else. But experts say the bigger question is whether some traders are already getting information much earlier.
Donald Trump's words have the power to move billions of dollars in financial markets. His company, Trump Media & Technology Group, has now created a premium data service called the Truth Social API to offer investors a head start on accessing his market-moving statements. The service costs between $60,000 and $100,000 per month, with several trading firms already subscribing.
However, this raises legal and ethical concerns, as the company is majority-owned by the sitting US president. Some researchers suggest that certain traders might already be receiving information before Trump's posts are publicly available, which could be considered insider trading. The move has sparked debate about whether publicly shared information should be sold to a select few for a profit.
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