TMTG Eyes $100K/Month for Faster Trump Posts Feed
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Trump Media & Technology Group discussed charging Wall Street firms up to $100,000 per month for faster access to President Trump's Truth Social posts via a new "Truth API" feed, with a discounted $60,000 monthly rate available under a three-year commitment.
- The Truth API delivers posts from 10 influential Truth Social accounts — including Trump, his sons Donald Jr. and Eric, and supporters like Dan Bongino and Sean Hannity — faster than standard push notifications, with an August 1 launch and archive access dating to 2022.
- Sen. Ron Wyden (D-Ore.) said the arrangement would financially benefit the Trump family and "make Wall Street traders rich," while Sen. Elizabeth Warren (D-Mass.) called it "an egregious scheme to profit off the presidency and enrich Wall Street while doing nothing to help Americans."
- The Donald J. Trump Revocable Trust holds roughly 114.75 million TMTG shares — about 41% of outstanding stock — meaning Trump personally benefits from any revenue the new feed generates while serving as president.
- Trump's Truth Social posts demonstrably move markets: on April 9, 2025, U.S. indexes turned sharply higher after he posted a 90-day tariff pause, illustrating why a millisecond speed advantage is worth millions to high-frequency traders.
- Donald Sherman, president of the nonpartisan Citizens for Responsibility and Ethics in Washington, called the arrangement "widely unethical" but noted the Constitution's emoluments clauses likely don't apply and insider-trading rules are hard to enforce when many subscribers receive the same early feed.
- TMTG shares closed roughly flat at $9.66 on Friday for a market value of about $2.7 billion, after shedding roughly 27% year-to-date.
- The Financial Times first reported the $100,000 subscription discussions earlier the same day; TMTG unveiled Truth API on Thursday without disclosing pricing.
Why it matters: A speed advantage of just a few milliseconds on a market-moving Trump post can mean hundreds of thousands of dollars per trade, per sources cited — making the $100,000 monthly fee modest for high-frequency firms, while Trump personally benefits through his 41% trust stake in TMTG. The arrangement formalizes a previously informal feedback loop in which the president's policy announcements simultaneously move markets and generate revenue for his own company, a structure no regulatory body "ever contemplated," per ethics watchdog Donald Sherman.
