by Mish Shedlock, Mish Talk:
Seriously, how can anyone defend this Trump family enrichment scheme?
Trump Family Enrichment Scheme
Reuters reports Truth Social to sell trading firms ‘fastest’ access to Trump’s posts
Trump Media & Technology Group (DJT), has unveiled a paid-for, licensed data feed that will give banks and trading firms “the fastest” access to posts from influential Truth Social accounts, such as President Donald Trump’s, whose posts often move global markets.
TRUTH LIVES on at https://sgtreport.tv/
The product, called “Truth API,” 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.
The feed is designed for organizations “most impacted by the cost of a delay in information”, such as algorithmic trading firms, the company said in a statement. “Until now… firms that prioritize tracking influential Truth posts have relied on manual monitoring. Truth API closes the gap.”
“Markets already move on Truth Social posts … As adoption grows, we expect Truth API to become a meaningful, ongoing source of revenue for the company,” TMTG’s interim CEO Kevin McGurn said.
Market-Moving Posts
Trump has made several announcements through his Truth Social handle that have jolted markets worldwide, including his “Liberation Day” tariffs and posts regarding trade restrictions on China, making the platform a crucial feed for traders, businesses and financial institutions.
On April 9, 2025, Wall Street’s main indexes turned sharply higher after Trump said in a Truth Social post that he would pause many of his new tariffs for 90 days.
“As far as I know, the only market-moving poster on Truth Social is Trump himself and his posts definitely move the market,” said Mark Spiegel, managing member and portfolio manager at Stanphyl Capital Partners.The Donald J. Trump Revocable Trust holds roughly 114.75 million shares, representing about 41% of all outstanding stock in Truth Social’s parent company TMTG, according to regulatory filings.
That trust administers Trump’s investments and is overseen by his children. The White House did not respond immediately to a request for comment, but a spokeswoman has in the past denied any conflicts of interest.
Round-the-Clock Coverage
The product will provide round-the-clock coverage of influential posts and include an archive of posts dating back to 2022. The company said it has already signed up customers ahead of the August 1 launch.
No Bounds on Graft
The graft of this president has no bounds.
Trump sells pardons for million dollar donations, makes deals for donations, and now sells faster access to his posts.
You have to be brainwashed to believe this is acceptable behavior.
