Trump Media to sell fast feed of 'market-moving' posts to Wall Street

Trump Media & Technology Group, the owner of Truth Social, will launch a paid service on 1 August giving Wall Street firms high-speed access to posts from its most influential accounts, the company said. The product, branded Truth API, is designed for financial traders who want to act on market-moving news within seconds (https://www.bbc.co.uk/news/articles/c79gw4lj89eo).

The feed will deliver posts to paying institutional clients in "milliseconds," around the clock, seven days a week. The company said some firms have for months copied its data without permission and warned it would soon block those methods, forcing them to buy the official feed. It did not disclose pricing. Interim chief executive Kevin McGurn said "markets already move on Truth Social posts" and the service would create "a steady profit" for the currently loss-making firm (https://www.bbc.co.uk/news/articles/c79gw4lj89eo).

The move sharpens the overlap between Donald Trump's private businesses and his public role. Because the president's family remains the majority shareholder in Trump Media, he stands to profit directly from selling expedited access to his own public statements, which — particularly on trade and tariffs — have repeatedly jolted global markets. The BBC said the White House declined to comment on whether the president's posts would be included in the paid feed (https://www.bbc.co.uk/news/articles/c79gw4lj89eo).

Legal experts played down the regulatory risk. Robert Frenchman of US law firm Dynamis told Reuters that a tech platform "can tier its distribution of information without violating federal securities laws," the BBC reported, while Mark Spiegel of Stanphyl Capital Management called the inclusion of the president's posts "unprecedented" and warned that firms refusing to pay could be "at a disadvantage" (https://www.bbc.co.uk/news/articles/c79gw4lj89eo).

While other social networks already sell data feeds, the arrangement is unusual because it links a sitting president's communications to a commercial product owned by his own company — a conflict-of-interest question that extends beyond US markets given how routinely Trump's posts move assets worldwide (https://www.bbc.co.uk/news/articles/c79gw4lj89eo).

_Source Reporters corrects factual errors as soon as they are confirmed._