Trump Media to Sell Early Access to Truth Social Posts

Trump Media & Technology Group announced plans this week to launch a new service called Truth PSI, which will allow Wall Street trading firms and institutions to access certain posts on the Truth Social platform milliseconds before the general public. This initiative aims to generate revenue by capitalizing on the market-moving impact of posts from "highest-ranking" accounts, which is expected to include former President Donald Trump's own posts given his 12.9 million followers on the platform. The company's CEO, Kevin McGurn, stated in a press release that Truth PSI is expected to become a "meaningful" source of revenue as part of a strategy to "monetize proprietary assets."

The service is specifically targeting high-frequency traders who can leverage early information to profit from subsequent market movements in stocks, bonds, and interest rates. Until now, presidential policy announcements and significant statements were generally considered public information, available simultaneously to all. Dylan Hedler-Gaudette, an expert on federal ethics rules at the Project on Government Oversight, described the plan as "odious" and "brazen corruption," emphasizing that "everything he says has market implications."

Truth Social's public parent company did not respond to inquiries regarding whether Trump's posts would be excluded from this offering. The company anticipates launching the Truth PSI service next month. This move comes as Trump Media & Technology Group has experienced a significant stock price decline of approximately 70% since the last election, highlighting the company's efforts to find new revenue streams. The financial implications for both traders and Trump himself could be substantial, given the historical impact of his statements on financial markets.