Trump Media reportedly plans premium service for early access to Truth Social posts

Trump Media and Technology Group has reportedly discussed offering financial firms a premium subscription that would give them faster access to posts made by US President Donald Trump on the Truth Social platform. According to people familiar with the discussions, the company has proposed charging investment firms and Wall Street traders up to 100000 dollars per month for the service, while also offering a lower monthly rate for customers willing to commit to a three year agreement.

The company recently announced a new product called Truth API, a licensed data service designed to provide banks, trading firms and other financial institutions with the fastest possible access to posts from the platform’s most influential accounts. Although the service is expected to launch on August 1, the company has not officially confirmed its pricing. Reports indicate that some customers have already signed up before the launch.

The new service marks Trump Media’s first major move into the business of selling data access. It is intended to create an additional source of revenue for the company, which has faced intense competition from larger social media platforms since its launch.

The proposal has already sparked political criticism in Washington. Senator Ron Wyden, the senior Democrat on the Senate Finance Committee, argued that such a service could financially benefit the Trump family while giving wealthy trading firms an advantage in financial markets. The White House referred questions about the criticism to Trump Media, which did not immediately respond.

Financial experts note that President Trump’s social media posts have often influenced stock markets, making rapid access to his statements valuable for investment firms. In one widely discussed example from April 2025, US stock markets rose sharply after Trump announced on Truth Social that many newly introduced tariffs would be suspended for 90 days. High frequency trading firms, which rely on executing trades within fractions of a second, could potentially gain a significant advantage from receiving such information even a few milliseconds earlier than competitors.

The Truth API will reportedly provide continuous updates from the platform’s leading accounts while also offering access to archived posts dating back to 2022. Among the most followed users on Truth Social are President Trump, his sons Donald Trump Jr and Eric Trump, along with several prominent political supporters.

Regulatory filings show that the Donald J Trump Revocable Trust owns about 41 percent of Trump Media’s outstanding shares. The trust is managed by Trump’s children, although the president remains the beneficiary of its financial returns. This ownership structure has led critics to question whether business activities connected to the company could indirectly benefit the president while he remains in office.

Ethics experts have also raised concerns about the proposal. Donald Sherman, president of the watchdog organisation Citizens for Responsibility and Ethics in Washington, described the arrangement as ethically troubling because it could allow payments for faster access to information released by a sitting president. However, he said existing laws may not clearly prohibit such a business model since the information would eventually become public and would not be limited to a small group of investors.

Senator Elizabeth Warren also criticised the reported plan, calling it an attempt to profit from the presidency while giving Wall Street firms an unfair advantage. Meanwhile, shares of Trump Media remained largely unchanged following the reports, leaving the company’s market value at around 2.7 billion dollars despite a decline in its share price over the course of the year.