On 17/7, Reuters reported that Trump Media, in addition to a proposed 100,000 USD monthly fee for early access to President Donald Trump's Truth Social posts, recently offered a discounted rate of 60,000 USD per month for Wall Street investors and businesses committing to a three-year subscription.
Trump Media previously announced Truth API, a paid data feed providing banks and trading firms with immediate access to posts from the 10 most influential Truth Social accounts. Pricing details were not initially disclosed.
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President Donald Trump at John F. Kennedy International Airport, New York on 17/7. Photo: AP |
President Donald Trump at John F. Kennedy International Airport, New York on 17/7. Photo: AP
This initiative represents Trump Media's first venture into data licensing, opening a new revenue stream. However, the move quickly drew criticism from Democrats.
Senator Ron Wyden, a leading Democrat on the US Senate Finance Committee, stated the move would "financially benefit Mr. Trump's family and enrich Wall Street investors".
Mr. Trump's social media posts frequently influence markets and the profits of trading firms, investment funds, and financial corporations, all highly dependent on transaction speed.
In 4/2025, Wall Street's major indices surged following a Truth Social post by Mr. Trump announcing a 90-day delay for several new taxes.
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Staff at the Truth Social display booth at an exhibition in Washington, US on 2/7. Photo: Reuters |
Staff at the Truth Social display booth at an exhibition in Washington, US on 2/7. Photo: Reuters
Sources indicate that Truth API access will be crucial for high-frequency trading firms, as even a few milliseconds of speed advantage can generate hundreds of thousands of USD in profit.
Trump Media faces significant challenges in expanding its core business amid intense competition from larger corporations. This new product aims to provide continuous updates on influential posts and an archive extending back to 2022.
The most followed individuals on Truth Social include President Trump, his sons Donald Trump Jr. and Eric Trump, and prominent supporters such as Dan Bongino and Sean Hannity.
Nguyen Tien (According to AFP, Reuters, AP)
