Truth Social, the social network founded by Donald Trump, has managed to attract more than 10 clients willing to pay between $60,000 and $100,000 per month for a controversial service that offers them priority access to the posts of the American president.
The majority of these clients are high-frequency trading companies that can benefit from the information published by Trump to gain an advantage in automated trading. Trump frequently uses the platform to make important announcements, and quick access to this information can influence investment decisions.
Although the time frame between preferential access and public visibility of the posts has not been specified, the plan to sell this access has sparked criticism, being seen as a privatization of official information. Despite an 89% increase in revenue in the second quarter, Trump Media & Technology Group reported a net loss of $238.1 million, mainly from investments, including cryptocurrencies.
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