Trump Media & Technology Group is proposing a premium data service aimed at professional investors. The company has discussed charging as much as $100,000 a month for the Truth API, a feed providing ultra-fast, machine-readable access to posts from former President Donald Trump on his Truth Social platform.
The service targets hedge funds, proprietary trading firms, and algorithmic traders. For these groups, millisecond advantages in receiving information can translate directly into trading profitability. Trump's social media commentary has historically moved markets on topics including tariffs, geopolitical events, and individual companies.
The proposal has generated concern on Wall Street. Firms are wary of the precedent of paying a company controlled by a political figure for privileged, speed-enhanced access to information that can move financial markets. The API would operate 24/7, delivering updates to subscribers faster than the general public.