From 1 August, Wall Street firms will be able to pay for millisecond-speed access to Truth Social posts from the platform’s “highest-ranking” accounts – a service that stands to generate direct profit for Donald Trump, the platform’s majority shareholder and most followed user.
Trump Media & Technology Group, the loss-making company behind the social media app, is launching the paid data feed, named Truth API, to deliver posts to institutional clients 24 hours a day, seven days a week. The company has not disclosed how much it will charge.
“Trump Media launches paid millisecond feed for Wall Street traders; president could profit from his own posts.”
The move is aimed squarely at financial traders who need to react instantly to market-moving news. Trump’s posts on trade and tariffs have repeatedly triggered sudden swings in global markets. Until now, banks and traders had to monitor the app manually; a delay of even seconds can be costly.
“Markets already move on Truth Social posts,” said Kevin McGurn, the interim boss of Trump Media, adding that the service will create a steady profit.
The company said some firms have been copying its data for months without permission. McGurn warned that Trump Media will soon block these methods, forcing firms to buy the official feed instead.
Because Trump’s family remains the majority shareholder, the president stands to benefit directly from selling expedited access to his own public statements. The BBC contacted Trump Media to ask whether his posts would be included in the paid feed; the company did not respond. The White House declined to comment.
Mark Spiegel, an investment expert from Stanphyl Capital Management, described such a scenario as “unprecedented”. He said companies that trade off the latest headlines would be “at a disadvantage” if they did not pay for quick access, but added: “To put this in context, remember that Trump’s posts constitute just a tiny fraction of what moves markets.”
Robert Frenchman, a partner at US law firm Dynamis, told Reuters: “It certainly does not seem fair, but yes, a tech platform can tier its distribution of information without violating federal securities laws.”
The service highlights the unique overlap between Trump’s private businesses and his public role as president. While other social media networks already sell data, the potential direct profit for the president from trading his own public statements raises questions that regulators may eventually have to answer.
