Trump Media & Technology Group (TMTG), the parent corporation of the social media platform Truth Social, has reportedly discussed charging Wall Street firms as much as $100,000 a month for early access to the President’s social media posts.
Sources “familiar with the matter” also told CNBC that a discounted rate of $60,000 a month has even been allegedly offered to firms willing to sign three-year contracts for the deal.
The company’s new offering, branded “Truth API,” officially launched for banks and trading firms this past Thursday, promising the fastest possible delivery of posts from the platform’s ten most-watched accounts, though TMTG has not disclosed exact pricing as of Monday afternoon.
The product includes round-the-clock monitoring and an archive of posts dating back to 2022, with paying customers already lined up ahead of an August 1 rollout.
Nothing New for Wall Street
Paying for speed isn’t new on Wall Street. Trading firms have spent decades and billions of dollars laying fiber-optic cable and parking servers next to stock exchanges just to shave milliseconds off how fast they get market data. According to a letter to the SEC from a Wake Forest University law clinic back in 2015, this isn’t so different from the “old days” before electronic trading, when firms paid for offices near the New York Stock Exchange so runners could deliver orders to the floor faster than the competition.
“Colocation,” as the modern practice is called, is just the latest version of a speed advantage traders have chased for over a century.
Bloomberg terminals (pricey subscription-only systems used by banks and trading firms for real-time market data) essentially work the same way: pay up, and you get the news first.
Trump’s posts have already shown they can move markets on their own. When he announced a 90-day pause on new tariffs in April 2025, stocks jumped within minutes. Traders were already racing to react the moment his posts went live, per Reuters.
Where the Comparison Breaks Down
That comparison only goes so far. Bloomberg doesn’t create the news it delivers, and wire services don’t write the stories they transmit at high speed. Here, the person whose words are being sold is also the sitting President – and the beneficiary of the trust that would collect the money. That trust, overseen by Trump’s children, holds roughly 41% of TMTG’s shares, according to regulatory filings.
Donald Sherman, president of the watchdog group Citizens for Responsibility and Ethics in Washington, told CNBC the deal is “wildly unethical,” though he said it’s hard to say whether it’s actually illegal.
The Constitution has rules barring officials from taking gifts from foreign governments or American states – but paid subscriptions from private companies don’t fall under this scope, and insider-trading laws are built around secret information. Since any firm willing to pay could get early access, it’s technically not a secret.
As of the time of publication, TMTG has not named firms that have signed up for early access.
TMTG has struggled to grow its media business amid competition from larger platforms, and its shares have fallen roughly 27% in 2026, closing at $9.66 on Friday for a market value of about $2.7 billion, according to Morningstar.com.
Provided by Dallas Express
