Donald Trump · Wall Street · BBC Technology
Trump Media to sell instant access to 'market-moving' social posts
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◎ Multiple-sources
Trump Media & Technology Group, which owns Truth Social, is launching a paid service to give Wall Street firms high-speed access to its most influential posts.
Key facts
- Trump Media & Technology Group, which owns Truth Social, is launching a paid service to give Wall Street firms high-speed access to its most influential posts
- From 1 August, instant updates will be delivered from "the highest-ranking" accounts, it said
- Markets already move on Truth Social posts," said Kevin McGurn, the interim boss of Trump Media, adding that the service will create a steady profit
- The service will run 24 hours a day, seven days a week
Summary
From 1 August, instant updates will be delivered from "the highest-ranking" accounts, it said. The company behind the app hopes it will create a steady new source of money for the firm which is currently loss-making. It is likely to be aimed at financial traders who want to see market-moving news fast. For firms, a delay of even seconds can be costly.