Trump Media & Technology Group has proposed a $100,000 monthly fee for the fastest feed of the U.S. president's posts, according to sources familiar with the matter.
The plan involves a fast, paid feed of Truth Social's most influential posts designed for Wall Street traders, as reported by multiple outlets. Some sources described it as 'selling instant access to market-moving posts,' while others used more neutral language.
$100,000 per month
Proposed fee for the fastest feed of the US president's Truth Social posts.
Truth Social posts have been known to move stocks, and the proposed API would give paying traders faster access to potentially market-moving statements from the president.
Truth Social is legalizing insider trading.
— The Bulwark (opinion headline)
Some observers argue the initiative puts conflicts of interest around Trump in stark relief, as referenced in a CNN article.
The impact of Trump's Truth Social posts has 'decayed,' according to a Financial Times headline.
Trump Media has less frequent SEC filings, which could affect transparency around the new offering.
Updates
Following the proposal, shares of Trump Media (DJT) have experienced an increase in value. Meanwhile, a US senator has publicly intervened, urging Wall Street institutions to reject the initiative and characterizing the potential for paid early access to market-moving information as 'troubling'.
Following the reports of a proposed paid access model for Truth Social posts, Trump Media shares (DJT) have experienced an increase in value. Meanwhile, the proposal has drawn criticism from a U.S. senator who labeled the practice as 'troubling' and urged financial institutions to reject it. Additionally, market analysts suggest that the data trade model faces diminishing returns, while some bond traders have begun to ignore the platform's updates.
Following the announcement of the proposed fee, Trump Media's stock (DJT) experienced an uptick in value. Meanwhile, the proposal has drawn political pushback, with a US senator publicly criticizing the initiative as 'troubling' and calling for Wall Street to reject it.
The proposed fast-access feed has triggered a significant backlash from Wall Street, with financial firms now actively assessing the risks of paying for such information. Following the news, Trump Media's stock (DJT) climbed, while a US senator has publicly urged financial institutions to reject the service, labeling the initiative as 'troubling'.
Trump Media's proposal has triggered a backlash from both Democratic and Republican senators, who are questioning the ethics of the plan. Financial firms are now actively assessing the regulatory and reputational risks associated with purchasing the expedited feed. Following the news, Trump Media's stock (DJT) experienced an increase in value as market participants reacted to the potential new revenue stream.
The proposed subscription service has triggered a significant backlash from both Republican and Democratic lawmakers, who have raised concerns regarding potential market manipulation and fairness. Amidst the mounting criticism, some lawmakers have formally requested that the Securities and Exchange Commission investigate the plan. While the company's stock initially rose following the news, financial firms are now actively assessing the risks associated with utilizing such an early-access feed.
The proposal to offer paid early access to market-moving posts has drawn significant backlash from US lawmakers and senators, who have officially urged regulators to investigate the plan. Critics have characterized the initiative as 'troubling' and warned that it grants wealthy trading firms an unfair ability to move markets through advanced information. Meanwhile, financial firms are currently evaluating the potential risks associated with the service, even as some traders have begun to discount the impact of these platform posts.
The proposed early-access feed has triggered a backlash from U.S. lawmakers, with both Republican senators and a congressman formally expressing concern over the potential for market manipulation. A lawmaker has further urged the SEC to investigate the monetization plan, while financial firms continue to evaluate the risks of participating in the program. Amid the controversy, DJT stock saw an increase following reports of the initiative.
The proposed early-access plan has triggered a backlash from US lawmakers, with Republican senators and a congressman urging the SEC to investigate the move. Critics have labeled the initiative 'troubling,' warning that it provides wealthy trading firms the 'ability to move markets when you're advancing information.' Meanwhile, stock in TMTG, the parent company of the platform, has climbed following the announcement of the paid feed.
The proposed early-access feed has triggered a backlash from U.S. lawmakers, with both Republican senators and a congressman formally expressing concerns over the plan. One lawmaker has reportedly requested that the SEC investigate the initiative to monetize data access, while critics warn that the service grants firms the 'ability to move markets when you're advancing information.' Meanwhile, DJT stock rose following news of the offer, even as some financial firms evaluate the associated risks and bond traders have begun ignoring the posts.
The proposed early-access feed has triggered a backlash from U.S. lawmakers, with both Republican senators and a congressman formally expressing concern over the potential for market manipulation. While financial firms are currently assessing the risks of the plan, a lawmaker has reportedly requested the SEC to investigate the monetization strategy. Amid the controversy, DJT stock experienced a climb following the news, though some traders and analysts are already reporting skepticism regarding the value and impact of this feed.
