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  • 1 day ago
Trump Media is selling faster access to Truth Social posts for up to $100,000 a month to high-frequency trading firms.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Trump Media and Technology Group is selling faster access to truth social posts
00:07through its Truth API, with contracts generally ranging from $60,000 to $100,000 a month,
00:13according to CBS News. CEO Kevin McGurn said,
00:17More than 10 customers have signed up, mostly high-frequency securities trading firms,
00:21seeking access to posts milliseconds before broader truth social users may notice them.
00:26The Truth API could give traders faster access to Trump's market-moving posts,
00:31potentially raising ethical concerns about an investment advantage.
00:34Trump Media is also in talks with cloud computing firms, AI companies, and news organizations,
00:41and plans to eventually market the service to retail investors.
00:44Trump Media has struggled to establish a business strategy that delivers consistent revenue growth
00:49and has never turned a profit since its 2021 founding.
00:53For all things money, visit Benzinga.com.
00:56For all things money, be careful of the non-profit they can consume,
00:56Both companies who cannot exchange income direct frente across the network to the network
00:56so that upgradescelain who drastically reduce the cost of their scientific idea
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