Donald Trump’s social media company, Trump Media & Technology Group (TMTG), is reportedly planning to charge Wall Street firms and investment companies up to $100,000 per month for faster access to posts published on its Truth Social platform. The proposed service would provide financial firms with quicker access to updates from influential accounts, including posts by US President Donald Trump, according to people familiar with the discussions.
TMTG, which owns Truth Social, has also reportedly offered a discounted subscription plan of $60,000 per month for companies willing to commit to a three-year agreement. The discussions are confidential, and the sources cited in reports requested anonymity. The company recently introduced a paid data service called “Truth API,” which is designed to provide banks and trading firms with rapid access to posts from the 10 most influential accounts on the platform.
The launch of Truth API represents TMTG’s entry into the data licensing business and could create a new revenue stream for the company. Financial markets have previously reacted strongly to Trump’s social media posts, with traders closely monitoring his statements for potential impacts on stocks, tariffs and economic policies. For example, US markets surged on April 9, 2025, after Trump announced on Truth Social that he would pause several new tariffs for 90 days.
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High-frequency trading firms rely heavily on speed, and even a difference of a few milliseconds in receiving market-moving information can influence major trades. The Truth API service is expected to offer continuous monitoring of important posts and include an archive of Truth Social updates dating back to 2022. TMTG has said it has already signed customers ahead of the planned August 1 launch but has not disclosed their identities.
The proposed service has drawn criticism from Democratic lawmakers and ethics groups, who have questioned whether it could create financial benefits for Trump and his family. US Senator Ron Wyden criticised the move, saying it could benefit the Trump family and Wall Street traders. Senator Elizabeth Warren also called it an effort to profit from the presidency. TMTG has not immediately responded to requests for comment on the criticism.
Concerns have also been raised about potential conflicts of interest because the Donald J. Trump Revocable Trust owns approximately 41% of TMTG’s outstanding shares, with the trust managed by Trump’s children. Ethics experts have debated whether existing laws would apply to the arrangement, noting that regulations against insider trading generally focus on non-public information rather than information made available through a paid service. Despite controversy surrounding the initiative, TMTG continues to explore new business opportunities as it attempts to expand beyond social media.
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