Donald Trump’s company has made Truth Social early access a reality with the introduction of a paid tier for banks and traders to see posts ahead of the general public. The service provides an exclusive feed of the 10 biggest accounts on the platform, which together have close to 13 million followers.
Trump Monetizes Market Influence
Incrypted reports that the former president’s firm is openly capitalizing on his influence in the financial world with this launch. There is a strong demand for information that can move markets in real time, and by giving hedge funds, trading algorithms, and other institutions privileged access to posts, Truth Social is well positioned to meet it.
It is a logical step considering how Trump has been known to shake the markets with his social media presence. As the host at Incrypted puts it, the new offering does more than put Truth Social in the realm of a standard network; it makes the platform a tool for any trader intent on gaining an advantage.
How the Service Works and Who’s Paying
With the early access service, users are able to see posts from Truth Social’s top 10 most influential accounts a few seconds before they appear in the standard feed. That list includes Trump himself, with his profile attracting close to 13 million followers. For major market players and high-frequency trading bots that act on news before it becomes widely known, such an edge can be crucial.
As for the subscription cost, that has not been disclosed. Yet Incrypted says there is already interest from some of Wall Street’s major firms. They see the value in being ahead of the competition; in these operations, a matter of seconds often separates profit from loss.
Real-World Profits and Controversy
It was not long ago that the value of early access to Truth Social was demonstrated. An operator used advance copies of Trump’s speech material to his advantage in prediction market trades, a move said to have earned him over $100,000. The episode has been anything but quiet; Trump himself publicly expressed his disapproval, calling it a disgrace and placing the offending employee on unpaid leave.
Those in the industry are taking note. Commentators at Incrypted see it as a case in point for the risks and rewards of turning early information into profit. With trading desks showing increased interest in the platform, one has to wonder where the line is drawn on fairness and whether regulators will be watching more closely in the future.
Source — Incrypted: https://www.youtube.com/watch?v=p8a-nGjzVcw