'People will pay': Trump Media pitches $100,000 monthly fee for faster Truth Social 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 US president's posts on…
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Summary
Donald Trump's social media company has discussed charging traders and investors as much as $100,000 a month for faster access to the US president's posts on his Truth Social platform, according to a report by the Financial Times. The product will deliver posts from the 10 most influential accounts to customers at a significantly faster pace than a regular push notification on the Truth Social platform, a spokesperson said. "Milliseconds is a big deal in this world, high-frequency trading firms and systematic quant hedge funds would definitely want this product," the chief executive of a US market infrastructure company told the FT.
Furthermore, The move would be TMTG’s first step into data licensing, opening up a new revenue stream for the company, which has faced challenges in scaling its media business amid intense competition from larger social media firms. Wall Street backlash The announcement of the API product sparked a backlash on Wall Street as traders and investors were not in favour of having to pay a company tied to the president for market-moving information.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
Donald Trump's social media company has discussed charging traders and investors as much as $100,000 a month for faster access to the US president's posts on his Truth Social platform, according to a report by the Financial Times.
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The product will deliver posts from the 10 most influential accounts to customers at a significantly faster pace than a regular push notification on the Truth Social platform, a spokesperson said.
according to The Straits Times - World"Milliseconds is a big deal in this world, high-frequency trading firms and systematic quant hedge funds would definitely want this product," the chief executive of a US market infrastructure company told the FT.
according to The Times of India - Top StoriesThe move would be TMTG’s first step into data licensing, opening up a new revenue stream for the company, which has faced challenges in scaling its media business amid intense competition from larger social media firms.
according to The Straits Times - WorldWall Street backlash The announcement of the API product sparked a backlash on Wall Street as traders and investors were not in favour of having to pay a company tied to the president for market-moving information.
according to The Times of India - Top Stories
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