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. US President Donald Trump currently has the most followers on the platform.

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. Trump’s social media posts often cause sudden swings in global markets, especially when he writes about trade and tariffs.

cross-posted from: https://lemmy.bestiver.se/post/1231153

Comments

Comments

I think this article and headline does a poor job of explaining the wider context around this one.

It is likely to be aimed at financial traders who want to see market-moving news fast. Trump’s social media posts often cause sudden swings in global markets, especially when he writes about trade and tariffs.

For firms, a delay of even seconds can be costly. Until now, banks and traders had to monitor the app manually. The new system will send posts directly to paying clients.