Trump Media to Sell Wall Street Instant Truth Social Feed
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- Trump Media will launch "Truth API" on 1 August, delivering posts from "highest-ranking" accounts to paying institutional clients in milliseconds, running 24 hours a day
- Donald Trump, Truth Social's most-followed user, regularly triggers sudden global market swings with posts on trade and tariffs, making his statements the most valuable content on the paid feed
- Kevin McGurn, Trump Media's interim boss, said the service will create "steady profit" for the currently loss-making company; pricing has not been disclosed
- Trump Media warned it will soon block firms that have been scraping its data without permission for months, forcing them to buy the official feed instead
- The Trump family remains the majority shareholder in Trump Media, meaning the president could profit directly from selling expedited access to his own public statements
- Mark Spiegel of Stanphyl Capital Management said it would be "unprecedented" if the feature included the president's posts; Robert Frenchman of law firm Dynamis told Reuters a platform can tier its distribution without violating federal securities laws
Why it matters: Trump and his family stand to profit directly from a subscription service monetizing the president's own public statements — a conflict-of-interest arrangement one investment expert called "unprecedented," though Dynamis partner Robert Frenchman noted tiered distribution does not appear to violate federal securities law. Banks and traders currently monitor Truth Social manually, so paying for millisecond delivery gives institutional clients a measurable speed edge in trading on the president's trade and tariff announcements.
