Trump Media launches Truth API: Wall Street pays $100k/month for early post access

Published Aug 4, 04:07 PM UTC

Donald Trump's media company, Trump Media & Technology Group, has launched Truth API, a premium subscription service offering Wall Street firms access to Truth Social posts milliseconds before the general public, at a cost of $100,000 per month. Five firms have already subscribed, generating $500,000 monthly revenue. Critics, including NYU economics professor Gian Luca Clementi, argue this constitutes insider trading by allowing paid early access to presidential communications. Trump, who owns 41% of the company, directly profits. Legal experts are divided: some say faster access to public posts may not meet insider trading legal standards, while others warn of future violations if market-moving policy news is tipped. The service is part of Trump's broader pattern of monetizing his presidency, which generated over $2 billion in 2025 from ventures including cryptocurrency, meme coins, and branded merchandise.