Key Takeaways
- Donald Trump's social media company has pitched a monthly fee of $100,000 for faster access to the US president's posts.
- The move aims to provide high-frequency trading firms with round-the-clock coverage and an archive of influential posts.
- Critics argue that this could financially benefit the Trump family and Wall Street traders.
Donald Trump’s social media company, Trump Media and Technology Group (TMTG), has been in discussions to charge Wall Street traders and investment firms up to $100,000 per month for faster access to US President's posts on his Truth Social platform. According to sources familiar with the matter, TMTG is also offering a discounted plan of $60,000 per month if these firms sign up for a three-year agreement.
The new product, called 'Truth API', aims to provide banks and trading firms with the fastest access to posts from the 10 most influential Truth Social accounts. The move marks TMTG’s first step into data licensing and is expected to open up a new revenue stream for the company, which has faced challenges in competing against larger social media platforms.
Critics have expressed concern over the potential financial benefits this could bring to the Trump family and Wall Street traders. US Senator Ron Wyden of Oregon, the highest-ranking Democrat on the Senate Finance Committee, stated that it would financially benefit the Trump family and 'make Wall Street traders rich.'
The White House has not commented directly on Wyden's remarks but referred questions to TMTG. The company did not immediately respond to a request for comment. However, the Financial Times reported earlier this week that discussions were ongoing regarding the $100,000 subscription fee.
Trump’s social media posts often have significant market-moving potential. On April 9, 2025, Wall Street's main indexes turned sharply higher after Trump posted on Truth Social about pausing many of his new tariffs for 90 days. Access to the Truth API would be crucial for high-frequency trading firms as a speed advantage of just a few milliseconds can result in substantial gains.
TMTG has been working on this product since it unveiled a paid-for, licensed data feed earlier this month. The new service will provide round-the-clock coverage of influential posts and include an archive dating back to 2022. TMTG claims that they have already signed up customers ahead of the August 1 launch but did not disclose their identities.
The move has drawn criticism from Democrats, who argue it could unfairly benefit the Trump family and financial firms at the expense of public interest. However, supporters see this as a logical business decision for TMTG to diversify its revenue streams in an increasingly competitive market.
