See How Trump’s Truth Social Posts Move Stocks
Milliseconds matter on Wall Street, and Truth Social wants to charge traders to get faster access to the president’s posts
Truth Social wants to charge investors for instant access to President Trump’s often market-moving posts. In a world where high-frequency traders capitalize on fractions of seconds, such a service would give an edge to those willing to pay Trump’s media company.
Trump Media & Technology DJT 0.31%increase; up pointing triangle has been pitching trading firms on the service, which would send them posts from top accounts in real time. Trump has the largest following on Truth Social, with 12.9 million followers.
Information in the president’s feed is considered confidential until those posts become publicly available. “That is information he doesn’t have the right to use for trading himself, or for tipping other people off and charging them a fee,” said Richard Painter, who was a top White House ethics lawyer in the George W. Bush administration.
Spokespeople for Trump Media and the White House didn’t respond to questions about the new service. The president’s investment accounts are handled by third-party financial institutions, White House spokeswoman Anna Kelly has said, adding, “There are no conflicts of interest.”
Here are some examples of how Trump’s postings have moved individual stocks during his second term:
US Steel — 3:25 p.m.
What Trump Posted:
The Context:
Trump announced a “planned partnership” between US Steel and Japan’s Nippon Steel, reviving a stalled transaction he previously opposed. The president detailed that Nippon’s $14 billion investment would keep the steel business in America and add at least 70,000 jobs.
American Eagle — 10:25 a.m.
What Trump Posted:
The Context:
Trump swooped in to defend American Eagle’s controversial denim campaign featuring actress Sydney Sweeney last summer. As criticism erupted over the tagline, “Sydney Sweeney Has Great Jeans,” for drawing a pun in reference to the actress’s blond hair and blue eyes, the president boosted the brand.
Intel — 12:29 a.m.
What Trump Posted:
The Context: The president announced an agreement between Apple and Intel to boost the once golden chipmaker’s domestic production. The Apple-Intel partnership marked the third Trump-backed deal to support Intel as it fell behind in the AI chip race, including the government taking a 10% stake in Intel.
RTX — 4:02 p.m.
What Trump Posted:
The Context: Trump singled out Raytheon, a unit of RTX, while broadly mounting attacks on defense contractors with delayed and bloated contracts or high executive salaries. He wrote that the Pentagon could end business with Raytheon for being “the least responsive to the needs of the Department of War” in its level of investment and production speed.
