Urgent.News

What's breaking now, across thousands of outlets.

Business

Truth Social: Wall-Street-Firmen kaufen offenbar schnelleren Zugang zu Trumps Posts

Bloomberg und zwei auf Hochfrequenzhandel spezialisierte Unternehmen zahlen Insidern zufolge bis zu 100.000 Dollar im Monat für einen Zeitvorsprung bei Beiträgen des US-Präsidenten.

Original German Read in English

Truth Social: Wall-Street-Firmen kaufen offenbar schnelleren Zugang zu Trumps Posts

New York - Major Wall Street firms, Bloomberg and Susquehanna International Group, have reportedly secured faster access to Donald Trump's posts on his newly established social media platform, Truth Social, according to insiders. Bloomberg and the two Wall Street firms are reportedly paying up to $100,000 per month for this expedited access.

The service, provided by Trump Media and Technology Group, offers subscribers an advantage through a programmatic interface (API) that allows them to receive President Trump's posts ahead of others, potentially influencing financial markets. Critics argue that this practice is unethical and provides an unfair advantage to traders over individual investors.

Trump Media had announced the service in July, noting that it was the first time a company associated with an incumbent president would be selling access to its statements. In a statement, Trump Media defended the service, stating it was an industry-standard API product with significant demand across all sectors. The company maintained that it takes the confidentiality of its clients seriously.

The report, however, is said to be based on unverified information from anonymous sources, intended to harm the company, its clients, and shareholders.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

More from Thursday 29 October →