Traders who already monitor the president’s pronouncements with automated systems can pay for an ultrafast feed. At least five firms have signed up.
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Rep. Ritchie Torres (D-N.Y.) has asked the Securities and Exchange Commission to investigate whether plans by Truth Social's parent company to sell Wall Street firms real-time access to President Trump's posts could violate federal securities laws, according to a copy of the letter obtained by Axios.
As America’s first family expands its business empire, it is turning to unconventional financial partners such as Yorkville Advisors.
Milliseconds matter on Wall Street, and Truth Social wants to charge traders to get faster access to the president’s posts.
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.
July 17 () - 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. president's posts on his Truth Social platform, the Financial Times reported on Friday.
Sen. Elizabeth Warren (D-Mass.) on Wednesday contrasted President Donald Trump‘s growing personal fortune with the financial strain facing American workers, saying his net worth rose by $1.4 billion over the past year even as inflation continued to outpace wage growth....
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.
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.
Kevin McGurn helped drive the company’s unexpected foray into fusion energy. Now, he will have to figure out how to manage a diverse group of businesses as its CEO.