Trump Media Sells Millisecond Early Access to Trump Posts, Drawing Fairness Backlash Before Aug. 1 Launch
Updated
Updated · Fox News · Jul 17
Trump Media Sells Millisecond Early Access to Trump Posts, Drawing Fairness Backlash Before Aug. 1 Launch
2 articles · Updated · Fox News · Jul 17
Summary
Steve Liesman said Trump Media’s new Truth API made him “want to puke,” arguing that selling financial firms millisecond-early access to President Donald Trump’s posts could skew markets before the public sees them.
Aug. 1 is the planned launch date for institutional customers, and Trump Media said it has already signed clients for the feed, which is designed to narrow the latency gap for firms that pay for immediate access.
Milliseconds matter most to high-frequency traders, CNBC contributor Dan Nathan said, because algorithmic systems can react almost instantly even if the edge is less meaningful for long-term investors.
Truth Social rejected the criticism as “ill-informed at best,” saying paid data feeds are common on platforms such as X and Reddit, while pricing for the service has not been disclosed.
Kevin McGurn, Trump Media’s interim CEO, said markets already move on Truth Social posts and framed the API as a new recurring revenue stream, sharpening concerns over a president-linked company monetizing market-moving statements.