$100,000 fee to get Trump's Truth Social posts early
Trump Media & Technology Group has proposed a fee of $100,000 for early access to Donald Trump's posts on Truth Social. Photo: Reuters
Social media platform Truth Social has sought up to $100,000 per month from Wall Street investors and financial institutions for the privilege of receiving U.S. President Donald Trump's posts before others, according to multiple sources familiar with the matter, as reported by Reuters.
The Reuters report states that in recent weeks, Trump Media & Technology Group has also offered a discounted rate of $60,000 per month under three-year contracts to financial institutions. The company has even announced the launch of an information service called "Truth API." Through this licensed service, posts from the platform's ten most influential accounts will be delivered to registered subscribers ahead of regular users. However, the official price of this service has not been disclosed.
This marks the first step by Trump Media & Technology Group into the data licensing business. While the initiative is intended as a new revenue source, it has drawn sharp criticism from Democratic leaders.
Senator Ron Wyden, the top Democrat on the Senate Finance Committee, claimed that the initiative would financially benefit the Trump family and further enrich Wall Street executives. The company did not immediately respond to requests for comment.
The report notes that Trump's social media posts often have a significant impact on U.S. stock markets. Therefore, the ability to receive information quickly is crucial for many investment firms, hedge funds, and financial institutions.
As an example, Reuters cited that on April 9, 2025, after Trump announced a 90-day postponement of a major portion of new tariffs on social media, Wall Street's major indexes surged rapidly.
Sources claim the service could be particularly vital for high-frequency trading firms, as an advantage of just a few milliseconds in receiving information can generate hundreds of thousands of dollars in additional profits on large trades.
Meanwhile, Trump's company stated that the new service will feature real-time monitoring of influential accounts' posts, along with archived posts published since 2022. The company also said some subscribers have already signed up ahead of the service's launch on August 1, though their identities were not disclosed.
The list of the platform's most-followed accounts includes Donald Trump, his sons Donald Trump Jr. and Eric Trump, and several of his close supporters.
According to filings with regulators, the Donald J. Trump Revocable Trust owns approximately 114.75 million shares of the company, representing about 41% of total shares. While Trump's children manage the trust, Trump himself is the financial beneficiary.
Critics accuse Trump and his family of attempting to profit from the administration's policy decisions. In his latest financial disclosure, Trump reported that his family earned over $1.4 billion from cryptocurrency last year. Critics claim these earnings increased due to the administration's policy decisions on digital assets.
Meanwhile, shares of Trump Media & Technology Group have fallen roughly 27% this year. At the close of trading on Friday, the company's shares were priced at $9.66 each, giving the company a market value of approximately $2.7 billion.
