Up to $100,000 per month. That is how much Donald Trump’s media group, behind the Truth Social platform, would like to charge traders and investors for quick access to the president’s posts.
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The Financial Times writes this in reference to the service announced on July 16 and criticized by those who see it as another way to monetize the US presidency.
According to the financial daily, the figure was cited by Trump Media & Technology Group in negotiations with potential clients of “Truth API.”
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With some posts capable of moving markets and the stocks of companies Trump praises, hedge funds and trading firms used to spending heavily on high-frequency data might pay that amount.
For some, access to information with an advantage of just a few milliseconds can generate substantial profits.
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