Trump Media & Technology Group announces the launch of a paid service on August 1, aimed at financial traders on Wall Street, which will provide quick access to President Donald Trump's posts on the Truth Social platform.
This service, called Truth API, will provide instant updates, essential for traders, considering that Trump's posts can cause significant fluctuations in financial markets. In the past, traders had to manually monitor the application, and now they will receive posts directly, in milliseconds.
This initiative could generate significant revenue for the company, which is facing losses. Additionally, Trump, the majority shareholder of the company, could financially benefit from the sale of priority access to his own statements. Trump's announcements have had a significant impact on the markets, and quick access to this information could be crucial for traders.
Although his posts influence the market, experts emphasize that they represent only a small part of the factors affecting financial markets.
Sources
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