Trump's Posts First? 'Presidential Stock Picker'... Shaking Wall Street's '150 Million Reading Room'
Donald Trump's social media platform, Trump Media & Technology Group (TMTG), has launched a paid service allowing users to access his posts before the general public, sparking concerns over market fairness. According to The Wall Street Journal and Financial Times, TMTG will debut its 'Truth API' on January 1st, providing real-time data of Trump's social media posts for a monthly fee of $100,000, reducible to $60,000 for long-term contracts. The service enables high-frequency trading firms to receive posts from key accounts like Trump and Vice President JD Vance milliseconds faster, with at least five HFT firms already securing contracts. Concerns have emerged that this creates an information gap between付费 users and retail investors, as Trump's posts have historically triggered rapid market movements, with over 20 million shares traded within a minute of his Iran-related tweets. Legal experts warn that leveraging presidential policy insights for commercial gain could create conflicts of interest and undermine market fairness.