Bloomberg, 2 trading firms subscribe to faster access to Trump posts- Reuters

Truth Social, the social media platform established by U.S. President Donald Trump, has secured subscriptions from Bloomberg and two Wall Street firms for expedited access to the president's posts, according to a report by Reuters on Wednesday. The two firms identified are Susquehanna International Group and Jump Trading, both cited by Reuters as having knowledge of the arrangement.

The service, which costs up to $100,000 per month, provides users with quicker access to Trump's posts on Truth Social. Given Trump's posts' known propensity to trigger significant fluctuations in financial markets, subscribers stand to gain a distinct advantage over regular investors.

Trump Media & Technology Group Corp, the company operating Truth Social, introduced the service in July. The company approached news and trading firms to pitch the service. However, the service faced criticism for being unethical, as Trump was providing paid access to his statements while in office. Following this criticism, Trump Media informed investors in August that they had onboarded over ten customers for the service.