A single post from Donald Trump can instantly reshape global stock markets, cryptocurrency, and trade policies, sending trillions of dollars across the world's financial system. His posts wield such significant influence that the company is charging financial institutions up to $12 million annually for access to a new Truth API service that allows them to read his posts seconds before others.
The service, which launched on August 1st, is now officially used by over 10 investment firms, each paying up to $100,000 monthly. For investment companies that engage in automated trading, obtaining this information seconds ahead of others can generate profits worth millions.
Advanced computer systems can analyze Trump's statements within milliseconds and execute immediate trades in stock or currency markets. This gives early subscribers a significant advantage over journalists and ordinary investors who remain unaware of the information.
However, this practice has drawn intense political and ethical criticism. Critics argue that monetizing rapid information based on the former president's statements creates an unfair advantage for ordinary investors and raises serious ethical concerns.
Despite these controversies, for Trump Media—which posted losses of $238 million in the second quarter—this service represents a promising new revenue stream that could help the company recover.
Ref: financefeeds
