Trump Media wants to monetise market-moving social posts: Could Trump's posts become tradable data? Is that even legal?
New Delhi, Aug. 11 -- When Donald Trump speaks, financial traders are among the keenest listeners. From trade wars to military conflicts, almost anything the US president says can move markets. Trump has also repeatedly faced accusations of market manipulation.
Now, Trump Media & Technology Group (TMTG) wants to monetise this phenomenon. The company has launched a service called Truth API at the beginning of this month that gives traders faster access to posts from influential Truth Social users. And it already has more than 10 customers.
Speaking about the service, the company's interim CEO, Kevin McGurn, said in a statement. "Our new Truth API product is already generating revenue, with more than ten customer agreements signed to date...
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