Trump Media Plans $100,000 Truth API Sales as Critics Call It Insider-Trading Risk
Updated
Updated · The Bulwark · Jul 20
Trump Media Plans $100,000 Truth API Sales as Critics Call It Insider-Trading Risk
3 articles · Updated · The Bulwark · Jul 20
Summary
$100,000 a month is the reported price for Truth API, a Trump Media product that would give paying subscribers earlier access to Truth Social posts than the public feed.
A three-year commitment would reportedly cut the monthly cost to $60,000, underscoring Trump Media's push to market the feed to users who value speed.
Critics argue the service could let traders act on market-moving Trump posts before other investors see them, effectively creating a paid information edge.
Earlier reports said the company was pitching the product to trading firms and hedge funds, even as analysts noted the market impact of Trump's posts has faded over time.
Can a president ethically profit by selling high-speed access to his own market-moving statements?
As markets learn to ignore presidential 'noise,' is a $100k data feed a brilliant business or a costly gamble?
With TMTG stock down 84%, can this exclusive data feed generate the revenue needed to save the company?
Monetizing the Presidency: The $100,000 Truth API, Wall Street, and the Ethics of Real-Time Political Data
Overview
The Truth API, launched by Trump Media & Technology Group (TMTG), gives Wall Street real-time access to President Donald Trump’s market-moving posts on Truth Social. This marks TMTG’s move into data licensing, expanding its business beyond ads and subscriptions. The API provides financial institutions with a direct, authorized feed of Trump’s communications, which have often influenced stock markets during his second presidential term. By offering this premium service, TMTG aims to diversify its revenue and capitalize on the significant impact of Trump’s announcements, making timely political information a valuable asset for investors.