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Trump Media pitched $100,000 monthly fee for 'fastest' feed of US president's posts, FT reports
Reuters19d agoneutral
Trump Media pitched $100,000 monthly fee for 'fastest' feed of US president's posts, FT reports

Donald Trump's social media company has discussed charging traders and investors as much as $100,000 a month for faster access ‌to the U.S. president's posts on his Truth Social platform, ‌the Financial Times reported on Friday. Trump Media & Technology Group, which owns Truth Social, did not immediately ​respond to a Reuters request for comment. The company on Thursday unveiled a paid-for, licensed data feed called "Truth API" to provide banks and trading firms "the fastest" ‌access to posts from ⁠influential Truth Social accounts.

Trump Media Pauses Truth Social Spinoff
The Wall Street Journal56d agoneutral
Trump Media Pauses Truth Social Spinoff

Trump Media & Technology said Wednesday that it is no longer trying to spin off Truth Social following a proposed merger with a nuclear-fusion firm. The pause marks another U-turn for President Trump's namesake company, whose shares are down 38% this year. After Trump Media in December announced a plan to combine with TAE Technologies, executives said they were trying to split assets including the business's social-media arm into a separate company through a SPAC deal.

Trump Media Stock Is at an All-Time Low
The Wall Street Journal78d agoneutral
Trump Media Stock Is at an All-Time Low

While President Trump's money managers have been busy piling into stocks, shares in the president's own company have been unloved as of late. The stock has been volatile ever since it started trading under the ticker DJT (the president's initials) over two years ago. DJT is widely seen as a proxy for Trump, whose family has a near-majority stake in the company.