Trump's Firm To Charge $100,000 A Month For Faster Feed Of His Posts: Report
Trump Media & Technology Group is reportedly offering a high-speed data feed of Truth Social posts for $100,000 per month. The deal aims to provide algorithmic trading firms with a millisecond advantage in accessing market-moving information.
Donald Trump's social media company is marketing a premium data subscription service designed for high-frequency trading firms. According to reports, the service would provide subscribers with a direct feed of Truth Social posts, allowing them to bypass the standard latency of the public interface.
To incentivize long-term participation, the company has reportedly offered a discounted rate of $60,000 per month for firms that commit to a three-year contract. This initiative reflects the platform's attempts to monetize its data as it seeks new revenue streams following its public listing.
The move has drawn attention due to the potential for significant market volatility triggered by the former president's posts. Financial institutions often use such feeds to automate trading decisions based on political sentiment and breaking news developments.
Source: Reuters
