Trump Media launched Truth API, selling Wall Street millisecond access to the president's market-moving posts
On July 16, 2026, Trump Media & Technology Group -- the public company majority-owned by President Trump -- announced Truth API, a paid data feed giving Wall Street firms real-time, millisecond-fast access to posts from Truth Social's highest-ranking accounts, chiefly Trump's own. Interim CEO Kevin McGurn said the product would monetize proprietary assets through a high-margin, recurring revenue stream, noting that markets already move on Truth Social posts. The service is set to launch August 1, 2026.
Actors
- Trump Media & Technology Group
- Kevin McGurn (Interim CEO, Trump Media & Technology Group)
On July 16, 2026, Trump Media & Technology Group (TMTG) announced Truth API, a business-to-business data feed that sells "licensed, real-time access" to posts from the highest-ranking accounts on Truth Social. The company said the feed will deliver posts to paying customers in "milliseconds" and is built for firms "most impacted by the cost of a delay in information," including high-frequency and algorithmic trading firms that buy and sell in fractions of a second. TMTG, which is majority-owned by President Donald Trump, said the service would be available to institutional customers beginning August 1, 2026, and that it had already signed up customers ahead of the launch.
President Trump's @realDonaldTrump account is the largest on Truth Social, and he has routinely used the platform to announce tariff changes and military-strike decisions that have moved financial markets. Interim CEO Kevin McGurn said in a statement that "markets already move on Truth Social posts" and that Truth API "delivers a direct, licensed, real-time feed of the platform's most market-moving Truths while advancing our strategy to monetize proprietary assets through a high-margin, recurring revenue stream," which he expected to become "a meaningful, ongoing source of revenue for the company." The company did not disclose the price of the service.
Updates
2026-08-01 — Truth API launched with roughly $100,000/month pricing for traders [4, 5]
Truth API publicly launched on August 1, 2026, giving paying subscribers millisecond-early access to Truth Social posts for a fee reported at up to $100,000 per month, marketed to Wall Street trading and high-frequency-trading firms. Trading-industry observers criticized the arrangement; Able Alpha Trading head Irene Aldridge said "if this was the CEO of a public company, this would be jail time," noting Trump has "the front seat to all the action" and "makes all the decisions" while disclosing information ahead of time to paying subscribers.
2026-08-12 — The Intercept and Freedom of the Press Foundation sued Trump over Truth API [6, 7]
The Intercept and the Freedom of the Press Foundation sued President Trump, Trump Media executive Natalie Harp, the Executive Office of the President, the White House Office, and Dan Scavino in the Southern District of New York, alleging the scheme violates the First Amendment's guarantee of equal public access to official government information and the Fifth Amendment's equal protection clause. Baseline Truth API access costs $100,000 per month, with a discounted $60,000 rate for a three-year commitment; subscribers also get faster access to posts from nine other high-ranking accounts, including Vice President Vance and White House Press Secretary Karoline Leavitt.
Why we recorded this
Public office is a public trust, not a private revenue source. Trump Media & Technology Group, the publicly traded company majority-owned by President Trump, announced Truth API, a paid data feed selling Wall Street firms millisecond-fast access to posts from Truth Social's highest-ranking accounts, chiefly the president's own, which he routinely uses to announce tariff and military decisions that move markets. Building a for-profit product around the president's official communications converts the reach of his office into recurring private income and entangles his financial interest with the conduct of his office.
Sources
- Trump Media and Technology Group Launches Truth API, a New Licensed Data Service for Financial Services Partners — Trump Media & Technology Group (GlobeNewswire) primary accessed July 17, 2026
- Trump Media to sell faster access to president's Truth Social posts — CBS News investigative accessed July 17, 2026
- Trump Media launches paid data service to help Wall Street track Trump's posts — CNBC investigative accessed July 17, 2026
- Trump offering early access to online posts in move seen as corruption — The Guardian investigative accessed August 2, 2026
- Trump stands to profit off US policy announcements by selling fast access to his social media posts — Scripps News investigative accessed August 2, 2026
- 'Profoundly corrupt': Trump sued over scheme to charge $100k for early Truth Social access — Courthouse News Service primary accessed August 13, 2026
- The Intercept Sues Trump for Selling Premium Access to Truth Social Announcements — The Intercept primary accessed August 13, 2026
See also
- Trump's 2025 financial disclosure revealed $1.4B in cryptocurrency income from ventures he simultaneously regulated
- Trump's 2025 disclosure showed he traded Coinbase and Robinhood stock repeatedly after his SEC dropped enforcement cases against both
- Florida renamed Palm Beach International Airport for President Trump under a law giving his company perpetual free use of the name
- White House teleprompter operator Gabriel Perez bet on the contents of Trump's speeches, profiting more than $90,000
- CNN investigation reveals Trump Jr.'s 1789 Capital invested in companies that received billions in federal contracts
Receive the daily digest by email
One email each morning with every entry filed the day before. Free. No tracking, no ads. Unsubscribe anytime.
