Trump's Market-Moving Posts Fuel HFT Frenzy on Truth API

Donald Trump's Truth Social posts are being sold to high-frequency trading firms for access to market-moving information. Over ten HFT subscribers are paying between $60,000 and $100,000 per month for early access to Trump's posts through the Truth API.

The service has generated potentially over $1 million in monthly fees for Trump Media. This new revenue stream comes at a time when the company is facing regulatory scrutiny and a net loss of $238 million in Q2, driven by unrealized markdowns on Bitcoin and equity holdings.

Lawmakers have pushed back against the arrangement, arguing that it allows a company majority-owned by Trump's family to profit from his own market-moving statements. Representative Jamie Raskin has demanded a list of subscribers, while Democratic lawmakers are calling for an SEC investigation into the service.