Bloomberg, Two Trading Firms Subscribe to Truth Social API

Bloomberg, Susquehanna International Group and Jump Trading have subscribed to Truth Social’s paid Truth API, which provides faster access to President Donald Trump’s posts, according to people with direct knowledge of the arrangements. Trump Media and Technology Group, Truth Social’s parent, has said the service costs customers between $60,000 and $100,000 a month. The individual firms’ prices have not been disclosed. Trump Media officials say the feed delivers posts about 50 milliseconds faster than standard access. The API connects customers’ computer systems directly to Truth Social, allowing them to monitor posts without repeatedly checking the app. Such speed can matter to automated trading systems that analyze information and execute orders in fractions of a second, particularly when presidential statements affect financial markets. The three companies declined to comment. Trump Media said Truth Social offers an industry-standard product and described the reporting about the subscriptions as misleading, saying it relied on information intended to harm the company, its customers and shareholders. The reported subscriptions trace to people speaking anonymously; the firms...