FinanceHindustan Times

Firms use bots to trade Trump's Truth Social posts

in5points
  1. Trump Media & Technology's new Truth API product sells ultrafast access to Trump's Truth Social posts for $100,000 per month.

  2. At least five firms have signed up for the feed, which delivers posts instantly when made public.

  3. Traders already monitor Trump's posts with automated systems, triggering trades within fractions of a second.

  4. Following two Trump posts about Iran last month, investors traded over 2 million shares in one minute, causing swings of over 2% in two dozen stocks.

  5. The API is priced out of reach for everyday traders, with a $60,000 monthly rate for multi-year commitments.

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