Wall Street finds new edge behind Trump's presidential paywall
Summary
President Donald Trump's company, Trump Media & Technology Group (TMTG), now charges Wall Street firms up to $1.2 million a year for fast access to his Truth Social posts that can affect global markets. This service, called Truth API, sends posts within milliseconds to clients like financial news outlets and trading firms, allowing them to react before others see the information.Key Facts
- Truth API launched on August 1 and provides real-time feeds of Truth Social posts to paying customers.
- Access to the 10 top-trending accounts costs between $60,000 and $100,000 per month.
- At least five clients, including financial news organizations and high-frequency trading firms, have signed up.
- Trump Media is publicly traded; President Trump’s family trust owns 41.5% of the company.
- Trump Media earned $3.68 million in revenue in 2025 and $871,000 in the first quarter of 2026.
- Market-moving posts from Trump have caused significant price changes in oil, cryptocurrencies, and stocks.
- Critics say the service creates conflicts of interest and may enable market manipulation; Congress is investigating.
- TMTG says the posts are public when delivered and that the service sells faster access (latency gap), not exclusive information.
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