Wall Street Firm Rejects Truth Social Data Feed Citing Late Entry
2026-07-18 09:43

Woofun AI reports that a Wall Street trading desk rejected a paid data feed from Trump Media & Technology Group, labeling the offering as "late to the game." The product promises 24/7 microsecond access to Truth Social posts, including weekends and after-hours, urging firms to act quickly as peers deploy the service. This move highlights ethical and political debates regarding payments to a company where Trump is the largest shareholder. As algorithmic trading relies on speed, institutions face pressure to subscribe to avoid competitive disadvantage. Trump, holding approximately $1 billion in shares, continues monetizing his influence, having earned over $1 billion from cryptocurrency projects in the past year.

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