Wall Avenue corporations can now be alerted of the “most market-moving” social media posts from President Donald Trump earlier than most of the people — so long as they pay the suitable value.
The service went reside Saturday: a subscription to his social media platform, Fact Social, that permits monetary corporations and different organizations to get alerts for brand spanking new posts made by Trump and different prime accounts earlier than basic customers do.
Trump Media and Expertise Group, which owns the platform, launched the brand new high-speed information feed referred to as “Fact API,” describing it as giving corporations “a direct, licensed, real-time feed of the platform’s most market-moving Truths.”
Trump, who has the biggest following on the platform by far with 13 million followers, has used Fact Social as his go-to platform to launch official statements all through his second time period, together with to announce that he was imposing sweeping new tariffs or to declare main army operations.
Trump’s unprecedented use of social media to disclose updates on world affairs and financial coverage has contrasted sharply with prior presidents, who usually made such bulletins via extra formal avenues, comparable to via the White Home press workplace and the official White Home web site.
Many buying and selling corporations already plug into Trump’s posts via Bloomberg, Reuters or different providers that scrape his posts and relay them in actual time to their prospects. However utilizing this information feed on Fact Social may allow corporations to entry his posts seconds and even milliseconds sooner than most of the people.
For a high-frequency buying and selling agency, even milliseconds may make an enormous distinction.
The president additionally stands to revenue from the brand new service. Trump is a significant stakeholder in TMTG, proudly owning 114.75 million shares to symbolize 41% of the corporate, based on his 2025 monetary disclosure.
Sens. Elizabeth Warren, D-Mass., and Adam Schiff, D-Calif., have urged the U.S. Securities and Alternate Fee to research whether or not Trump Media is violating the legislation by promoting sooner entry to the president’s posts.
The senators wrote that the subscription “seems to be an outrageous abuse of the President’s workplace for his private profit that undermines on a regular basis traders and the integrity of our markets, whereas enriching Wall Avenue and different rich insiders.”
In its announcement of the brand new service final month, TMTG emphasised Fact Social’s influence in the marketplace.
“Markets already transfer on Fact Social posts,” Kevin McGurn, interim chief govt officer of TMTG, mentioned in a press launch. “Fact API delivers a direct, licensed, real-time feed of the platform’s most market-moving Truths whereas advancing our technique to monetize proprietary property via a high-margin, recurring income stream.”
Trump launched Fact Social in early 2022 after he had been banned from X, previously generally known as Twitter, and different social media platforms in 2021 following the assaults on the Capitol on Jan. 6.
Elon Musk reinstated Trump’s entry to X in November 2022 shortly after he took over the platform as CEO. Trump additionally regained entry to Fb and Instagram in January 2023.
