Trump Media: More than 10 firms pay up to $100,000 a month for fast access to Truth Social posts

[https://www.bbc.com/news/articles/ce3q5nxpgk1o](https://www.bbc.com/news/articles/ce3q5nxpgk1o)

$DJT: More than 10 firms pay up to $100,000 a month for fast access to Truth Social posts

>More than 10 customers have signed up to Trump Media's controversial service that offers faster access to market-moving posts made on its Truth Social platform.

>The service, Truth API, launched at the beginning of August and gives Wall Street traders first sight of posts from the social media site's most influential accounts.

>Its earliest customers are mostly in high-frequency trading firms who are being charged between $60,000-$100,000 (£44,000-£74,000) a month for the service, interim chief executive officer Kevin McGurn said during an earnings call.

>He was speaking after Trump Media reported a loss of $238m between April and June.

>The quarterly loss is more than 10 times the amount reported during the same period a year earlier, according to the Trump Media and Technology Group, and comes as the group branched into ventures unrelated to media, including cryptocurrencies.

>The group, which is yet to make a profit, says it will refocus on its social media mission.

>In July, it announced a plan to give Wall Street firms and institutional investors faster access to posts on Truth Social, where Trump frequently makes announcements. It has been viewed as a way to give subscribers an edge in trading stocks and other heavily traded assets.