Trump Media Plans to Charge Wall Street Up to $100,000 a Month for Early Access to Trump Posts

Trump Media & Technology Group (TMTG) is planning to charge Wall Street traders and investment firms up to $100,000 a month for early access to posts by US President Donald Trump on his social media platform Truth Social, according to multiple sources familiar with the matter.

In simple terms, the company is planning to sell advance access to Trump’s posts.

Sources told Reuters that the company has also offered the service at $60,000 a month for customers willing to sign a three-year contract.

Last Thursday, TMTG announced the launch of a new paid data service called “Truth API.” The service will allow banks and trading firms to access posts from the 10 most influential accounts on Truth Social before they are widely available. The company has not officially disclosed the price of the service.

According to the company, some customers have already registered ahead of the service’s launch on August 1. The new service will also include an archive of posts published since 2022, as well as 24-hour updates on important posts.

Posts by Trump on social media frequently have a significant impact on financial markets. For example, on April 9, 2025, Wall Street’s major stock indexes surged after Trump announced on Truth Social that many of his new tariffs would be suspended for 90 days.

Experts say that for high-frequency trading firms, receiving information even a few milliseconds earlier can generate substantial profits. This could make the Truth API particularly valuable to such firms.

Democratic lawmakers have criticised the initiative. Senator Ron Wyden, the top Democrat on the Senate Finance Committee, said the arrangement would financially benefit the Trump family while making Wall Street traders even wealthier.

Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, also described the initiative as an unethical plan to make money by using the office of the president.

Donald Sherman, president of the nonpartisan watchdog group Citizens for Responsibility and Ethics in Washington, said charging money for early access to the president’s posts was “deeply unethical.” However, he also noted that it was unclear whether the practice was illegal under current law.

According to documents filed with regulators, the Donald J. Trump Revocable Trust owns approximately 41% of TMTG. Although Trump’s children manage the trust, Trump himself is the beneficiary of its income.

TMTG’s share price has fallen by around 27% this year. The company’s shares closed at $9.66 on Friday, giving it a market capitalisation of approximately $2.7 billion.