Trump Media & Technology Group to launch paid "Truth API" to provide Wall Street firms with high-speed access to influential Truth Social posts.
Trump Media & Technology Group will launch a paid data feed called "Truth API" on August 1, offering Wall Street traders and investment firms millisecond access to the platform's most influential posts. The administration announced the move as a strategy to monetize proprietary assets, specifically targeting high-frequency trading firms that rely on the speed of information to execute trades. The company is reportedly discussing subscription fees of up to $100,000 per month, with a discounted three-year plan available for $60,000 per month. Because the Donald J. Trump Revocable Trust holds approximately 41% of the company's stock, the president stands to profit directly from the service. While the move creates a clear overlap between the president's public role and his private business interests, the administration maintains that the president acts in the best interests of the public. Critics, however, have labeled the arrangement an "egregious scheme" to enrich Wall Street while the president benefits from the revenue generated by his own market-moving statements.