WASHINGTON — Donald Trump’s social media company has reportedly explored charging investment firms and Wall Street traders up to $100,000 per month for faster access to posts from the US president’s Truth Social account, according to people familiar with the discussions.
Trump Media & Technology Group (TMTG), which operates the Truth Social platform, has discussed offering financial firms a premium data service that could provide faster access to posts from influential accounts, including Trump’s own account.
Sources familiar with the matter said the company has also proposed a discounted subscription option of about $60,000 per month for firms willing to sign a three-year agreement.
The discussions come as Trump’s social media activity continues to attract attention from investors because his posts have previously influenced financial markets.
Truth API Service Targets Financial Firms
TMTG recently announced a paid data product called Truth API, a licensed feed designed to provide faster access to posts from the 10 most influential accounts on Truth Social.
The company did not publicly reveal pricing details but said the service would provide continuous monitoring of important posts along with access to an archive dating back to 2022.
The move represents TMTG’s first major step into data licensing, creating a new potential source of revenue as the company competes in the crowded social media market.
Financial firms often pay for faster access to market-moving information because even small speed advantages can influence trading outcomes.
Trump Posts Have Moved Markets
Trump’s statements on Truth Social have previously caused significant market reactions.
One notable example occurred in April 2025, when US stock markets surged after Trump announced through a Truth Social post that he would temporarily pause several new tariffs for 90 days.
For high-frequency trading companies, hedge funds, and investment firms, receiving information even milliseconds earlier can potentially create a financial advantage.
Industry experts say access to rapid social media data feeds has become increasingly valuable as political announcements can quickly affect stocks, currencies, commodities, and other financial markets.
Democrats Raise Ethics Concerns
The reported pricing plan has already drawn criticism from Democratic lawmakers and government ethics advocates.
US Senator Ron Wyden, the top Democrat on the Senate Finance Committee, criticized the proposal, arguing that it could financially benefit the Trump family while giving Wall Street firms an advantage.
Senator Elizabeth Warren also criticized the arrangement, calling it an attempt to profit from the presidency.
The White House directed questions about the criticism to TMTG, which did not immediately provide a response.
Ethics Experts Question Presidential Access Deal
Ethics experts have raised concerns about whether the arrangement creates conflicts of interest because Trump remains connected financially to TMTG.
The Donald J. Trump Revocable Trust reportedly owns a significant stake in the company, with Trump remaining the beneficiary of income generated through the trust.
Donald Sherman, president of Citizens for Responsibility and Ethics in Washington, described the plan as highly problematic from an ethics perspective.
He argued that allowing companies to pay for faster access to presidential posts creates questions about whether private businesses can gain special advantages from political influence.
However, experts noted that determining whether the arrangement violates existing laws could be complicated.
TMTG Expands Revenue Strategy
Truth Social has struggled to compete with larger social media platforms, making new business opportunities important for TMTG’s future growth.
The company’s new data service could create a valuable revenue stream by selling access to real-time political information.
Some of the most-followed accounts on Truth Social include Trump, his sons Donald Trump Jr. and Eric Trump, and conservative media personalities such as Dan Bongino and Sean Hannity.
TMTG said customers have already signed up for the Truth API service ahead of its planned August launch but has not disclosed their identities.
Stock Performance Remains Under Pressure
Despite expanding into data licensing, TMTG shares have faced challenges.
The company’s stock has reportedly declined around 27% this year, closing recently at approximately $9.66 per share and giving the company a market value of about $2.7 billion.
The debate over Truth API highlights broader questions surrounding political influence, financial markets, and the relationship between presidential communication and private business interests.
As Trump continues using Truth Social as a major communication platform, investors and ethics officials are expected to closely monitor how the company develops new revenue opportunities.
