The president is selling a subscription service to milliseconds of access.
On Thursday, Trump Media and Technology Group announced a product they are calling “Truth API.”
It will sell the fastest access for trading firms to posts from Truth Social’s ten highest-ranking accounts. The company’s list includes Donald Trump, Donald Trump Jr., Eric Trump, and Kash Patel.
The company says it will deliver those posts in milliseconds. Reuters has reported a discussed price of 100,000 dollars a month. The service is slated to launch August 1.
Trump announces tariffs, wars, Federal Reserve pressure, and other market-moving events on Truth Social first. In today’s algorithmic trading world, large investors work in milliseconds.
A securities lawyer told Fortune that a two-tiered market is forming where connected insiders hold the information. One hedge fund executive told the Financial Times that firms who fall behind will get crushed.
Trump Media lost over 400 million dollars in the first quarter of this year. Trump is its largest shareholder.
In autocracies like Orban’s Hungary and Maduro’s Venezuela, there is always a thread of self enrichment.
The president is selling a subscription service to milliseconds of access.
Notes To My Future Self 