Trump Media Company Unveils Insider Trading Service– www.truthdig.com
News Source
EXCERPT:
Starting August 1, Trump Media and Technology Group will launch a new data feed aimed at high-frequency trading firms whose profits are made by making trades a fraction of a second faster than everyone else.
It will provide “licensed, real-time access to posts from the highest-ranking Truth Social accounts.” In other words, the feed will let you know what Trump has said before anyone else knows, meaning it’s well worth the tab that Truth Social will charge to see Trump’s posts before the rest of the public sees them — up to $100,000 per month.
That’s a pittance relative to what could be made, because Trump’s words on Truth Social — about his war in Iran, about his latest tariffs, about the Fed — have caused the stock market to soar or drop. So, if you’re a trader on Wall Street, you’ll make millions if you know what he’s posting a fraction of a second before everyone else knows. Perhaps more to the point, if you’re behind on that news, “you’ll get crushed,” as one hedge-fund executive told the Financial Times.
The feed will let you know what Trump has said before anyone else knows.
No wonder Trump Media’s interim CEO Kevin McGurn is gloating that the feed will “become a meaningful, ongoing source of revenue for the company, creating lasting value for shareholders.” Trump Media has been unprofitable until now.
Trump, of course, is the company’s largest shareholder.