Bloomberg, two trading firms agree to pay Trump’s Truth Social for faster access to president’s posts, sources say
Truth Social, founded by Donald Trump, has signed deals with Bloomberg, Susquehanna, and Jump Trading for faster access to Trump's posts, sold via a paid API service. The service, priced up to $100,000/month, gives subscribers a 50ms timing advantage, potentially impacting financial markets. Truth Social's shares have fallen over 50% this year, with the company's market value dropping from $8B to $1.8B. Critics and lawsuits challenge the service's legality and ethics.
How this was made
The 30-second read
Why it matters
The disclosure may trigger short‑selling and heightened regulatory attention, potentially depressing DJT's share price in the near term.
Market read
First‑time report of a paid political‑data feed to Wall Street, raising both revenue potential and regulatory risk for DJT.
What to watch
Potential for the API to become a standard data product for other political figures, creating a new revenue stream beyond Trump.
Background
Trump Media has been seeking new monetization avenues after a volatile market debut. The API service is marketed as a timing advantage for high‑frequency traders.
Ticker impact
Trump Media disclosed that Bloomberg, Susquehanna International Group and Jump Trading have paid for a fast‑access API to Trump’s Truth Social posts, a fact not previously reported.
downward pressure as investors react to ethical concerns and potential SEC investigation.
First‑time disclosure of a $60‑100k/month data‑feed to high‑frequency traders, combined with ongoing lawsuits and possible SEC review, suggests heightened risk for the stock.
Market effects
Highlights potential regulatory risk for social‑media platforms offering paid political data feeds, affecting the broader tech/media sector.
U.S. markets may see short‑term volatility in DJT and related high‑frequency trading stocks.
Limited to U.S. equities; no direct global market effect.
Counterpoint
If the service proves profitable and legally defensible, it could boost DJT revenues and attract more institutional customers.
Key entities
- companyTrump Media and Technology Group
Owner of Truth Social, ticker DJT.
- companySusquehanna International Group
High‑frequency trading firm purchasing the API.
- companyJump Trading
High‑frequency trading firm purchasing the API.
