Trump stands to profit off US policy announcements by selling fast access to his social media posts
Summary
President Donald Trump’s company, Truth Social, is selling fast access to his social media posts to Wall Street traders. This service, called Truth API, could help traders make profits by getting early information on Trump’s policy announcements, but it also raises concerns about fairness and insider trading.Key Facts
- Truth Social will offer a paid service starting Saturday for quick access to President Trump’s posts.
- This service targets high frequency traders who trade stocks and currencies very quickly.
- Trump’s posts often include policy news on issues like tariffs, war, and central bank decisions.
- Early access to these posts could allow traders to make big profits by acting before others.
- Some experts warn this could be unethical or illegal if used to trade on insider information.
- Trump Media & Technology, the parent company, defends the service as a free market product.
- The service uses direct internet connections for faster delivery than typical news feeds.
- Artificial intelligence technology helps traders understand the market impact of Trump’s posts.
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