Trump Media eyes $100K monthly charge for fast Truth Social feed: FT

Trump Media & Technology Group (TMTG) could charge as much as $100,000 a month for a premium data feed that gives traders faster access to President Donald Trump’s Truth Social posts, the Financial Times reported Friday, citing people familiar with the discussions.

The service, called the Truth API, was unveiled by Trump Media on Thursday as a business-to-business data licensing platform offering licensed, real-time access to posts from Truth Social’s most influential accounts.

The product is expected to go live for institutional customers on August 1, and the company said it has already secured several customers before the official launch.

The API would enable automated, machine-readable delivery of posts within milliseconds using industry-standard technology, while also providing 24/7 availability and historical data extending back to 2022.

The primary target audience includes financial services firms, particularly high-frequency and algorithmic trading firms that require the fastest possible access to potentially market-moving information. TMTG argues that timely access to influential Truth Social posts can provide a competitive advantage for firms whose trading decisions depend on rapidly processing new information.

Trump’s social media posts have frequently moved markets, including comments on tariffs, geopolitical developments and publicly traded companies.

However, the proposal has sparked concern among Wall Street firms over paying a Trump-controlled company for privileged access to market-sensitive information.

Dan Greenberg, a senior legal fellow in the Robert A. Levy Center for Constitutional Studies at the Cato Institute, said the issue is not whether public officials can own private businesses, but whether access to Trump’s market-moving Truth Social posts should be monetized.

“President Washington owned a distillery; President Johnson owned a TV station. Public officials are entitled to have private business interests,” Greenberg said in a statement.

“But the Trump Media & Social Group’s plan to sell inside access to the President’s Truth Social announcements raises a question: just what is being bought and sold here? It looks like a plan to grab a piece of the action. The President’s social media statements regularly move markets, and the monetization of exclusive access to those statements will open the door to insider trading. That door must be closed.”