Trump Media to sell early access to key social posts
Summary
Trump Media & Technology Group, which owns the social media platform Truth Social, will start selling a paid service that gives financial firms fast access to important posts from key accounts, including President Donald Trump’s. The service aims to help traders get news quickly to react to market changes and to create new income for the company.Key Facts
- The paid service launches on August 1 and provides instant updates from influential accounts on Truth Social.
- President Donald Trump has the most followers on Truth Social.
- Trump Media is currently losing money and hopes this service will bring steady profits.
- Financial traders often react quickly to Trump’s posts, which can affect global markets.
- Before this, firms watched the app manually, but now posts will be sent directly to paying clients.
- The service will operate 24 hours a day, seven days a week.
- Some firms have been copying Truth Social’s data without permission.
- Trump Media plans to stop unauthorized copying and require firms to buy the official feed.
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