Trump Media & Technology Group (TMTG), the company behind the Truth Social platform and majority-owned by the Trump family, is reportedly considering a premium service for financial professionals. According to a report by the Financial Times, TMTG may charge trading firms and hedge funds as much as $100,000 per month for expedited access to former President Donald Trump's posts.
The Truth API: Monetizing Market Influence
The proposed service, dubbed the Truth API, is designed to provide ultra-low-latency access to Trump's social media activity. TMTG has reportedly engaged with prospective clients, discussing the six-figure monthly fee, believing there's significant demand within the professional investment community. Trump, who boasts nearly 12.9 million followers on Truth Social, frequently comments on geopolitical events and US policy, often influencing global financial markets.
Professional trading firms routinely invest substantial sums in market data services that offer speed advantages, where even milliseconds can be crucial for competitive edge. As one hedge fund executive told the Financial Times, "People will pay because they have to. If you're behind on that news, you'll get crushed."
Wall Street Concerns and Past Market Movements
The prospect of paying a company linked to a former US President for faster access to market-moving information has reportedly drawn criticism on Wall Street. Critics express concerns about the implications of such a service on market fairness and transparency.
The Financial Times report highlights several instances where Trump's Truth Social posts have preceded significant market shifts. For example, before his administration announced a pause on certain tariffs, Trump posted that it was "a great time to buy," after which the S&P 500 saw a 9.5% surge. Similarly, his favorable comments about companies like Nvidia and Apple have reportedly contributed to rallies in their stock prices.
This development comes as Trump's financial disclosures for 2025 revealed over $2 billion in earnings, largely from cryptocurrency ventures, underscoring the increasing intersection between his business interests and financial markets. TMTG did not immediately respond to requests for comment regarding the report.