Story
Trump Media Pitched $100,000 Monthly Fee for High-Speed Truth Social Feed, FT Reports
Summary
Trump Media & Technology Group reportedly discussed charging financial firms as much as $100,000 a month for faster access to Donald Trump's market-moving posts on its Truth Social platform.
Trump Media & Technology Group (NASDAQ: DJT) has discussed charging traders and investors up to $100,000 per month for a premium, high-speed data feed of U.S. President Donald Trump's posts on Truth Social, the Financial Times reported Friday, citing people familiar with the matter.
The "Truth API" Proposal
The company recently announced a new product, a paid data feed called "Truth API," designed to provide banks and trading firms with the fastest possible access to content from influential accounts on the platform. A company spokesperson stated the service would deliver posts from the 10 most influential accounts at a pace significantly faster than standard push notifications.
This initiative marks Trump Media's first venture into data licensing, which would establish a new revenue stream for the company. TMTG has faced challenges in scaling its social media business against larger competitors. Reuters noted it could not independently verify the Financial Times report, and Trump Media did not immediately respond to a request for comment.
AdMarket Impact and Context
President Trump's announcements on Truth Social have previously demonstrated a significant impact on global markets, making his posts a critical information source for financial institutions. For example, on April 9, 2025, Wall Street's main indexes rose sharply after Trump announced in a post that he would pause many new tariffs for 90 days.
By offering high-speed access to such potentially market-moving information, TMTG aims to monetize the value of this data for traders seeking an edge. Following the FT report, shares of TMTG pared most of their earlier losses, trading down 0.4% in the afternoon. The stock has fallen approximately 27% this year.
Read next
More on Stocks
US Jobless Claims and Housing Data in Focus for Investors
Investors are closely watching key U.S. economic reports due Thursday, including initial jobless claims and new home sales, for fresh signals on the health of the labor and housing markets.
Google, Wayfair Shares Fall Sharply in Wednesday Trading
Shares of technology giant Google and e-commerce retailer Wayfair saw significant declines on Wednesday, highlighting a day of notable moves across various market capitalizations. Cybersecurity firm Palo Alto Networks bucked the downward trend.
Anthropic's AI Model Claude Discovers Novel Enzyme System Resembling CRISPR
The AI company announced its model, Claude, identified a new enzyme system called ART by analyzing a massive DNA database, a discovery that could significantly accelerate biological research.
Endeavour Silver Plunges 12% on Mine Disruption, Leading TSX Decliners
Endeavour Silver Corp. led a sharp sell-off among several Toronto Stock Exchange-listed companies on Wednesday after announcing an operational disruption at a key mine. The decline was part of a broader pullback that also hit other high-performing resource and financial stocks.