Report: Trump Media Pitches $100K Monthly Fee for Faster Access to President's Posts
The paid feed will give institutional customers milliseconds-fast access to market-moving posts and includes an archive dating back to 2022, the company said.
- Trump Media & Technology Group launched Truth API on Thursday, offering financial firms 'licensed, real-time access' to posts from President Donald Trump and other top accounts, with the service available to enterprise customers starting in August.
- Trump's @realDonaldTrump account dominates Truth Social with 12.9 million followers, and he regularly posts official communications first on the platform, making it a must-follow for Wall Street firms tracking the presidency.
- The API delivers significantly faster data access than manual scraping and includes 24/7 coverage plus a post archive dating to 2022, targeting algorithmic trading firms where information delays carry financial costs, interim CEO Kevin McGurn said.
- Ethics attorney Virginia Canter with Democracy Defenders Fund called it 'a huge conflict of interest,' arguing Truth Social has 'become the de facto presidential press room,' while The White House declined comment and forwarded inquiries to the Trump Organization.
- With Trump Media shares down 84% since going public on Nasdaq under ticker DJT in March 2024, the Truth API represents a critical revenue stream for the struggling company amid broader market challenges.
274 Articles
274 Articles
Trump Media reportedly pitched traders a $100,000 feed of the president’s posts
Trump Media & Technology Group has reportedly been asking financial-trading firms for about $100,000 a month for the fastest possible feed of Donald Trump’s Truth Social posts, according to the Financial Times, a price tag that turns the president’s typing into a subscription product. The pitch, described to the paper by people familiar with the discussions, offers […] This story continues at The Next Web
The subscription is intended to give Wall Street firms quick access to the medium's most influential postings.
The Trump company wants to turn the President's posts into money. Wall Street companies should be able to buy a time advantage. Democrats and ethics experts strongly criticize the project.
Markets have grown numb to Trump's social posts. Here's what matters more as midterms approach.
Brendan SMIALOWSKI / AFP via Getty ImagesThe market doesn't move on Trump's social media posts like it used to."Headline risks from social media posts are becoming less important," Morgan Stanley says.Analysts say investors should be more focused on actual policy changes as the midterms approach.Donald Trump doesn't move markets with his social media presence the way he used to.Numbed by months of posting sprees about everything from tariffs to …
Trump's company wants to charge up to $100,000 a month for the fastest access to his postsTrump Media is discussing charging traders up to $100,000 a month for the fastest access to Trump's posts on Truth Social. The Truth API service drew criticism from Democrats because of the financial benefit to the Trump family.
Coverage Details
Bias Distribution
- 36% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
