Trump Media Proposed $100,000 Monthly Fee for Fast Access to US President's Posts
The paid feed would deliver Trump's Truth Social posts to traders before the general public, raising concerns about market fairness.
Markus Winkler
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.
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.
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.
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Sources
- — Trump Media pitched $100,000 monthly fee for fastest feed of U.S. president's posts, sources say (opens in a new window)
- — See How Trump’s Truth Social Posts Move Stocks (opens in a new window)
- — The ‘decayed’ impact of Trump’s Truth Social bombs (opens in a new window)
- — Trump Media to sell instant access to 'market-moving' social posts (opens in a new window)
- — Truth Social Legalizes Insider Trading (opens in a new window)