Trump Media, owner of the Truth Social platform, is preparing to launch a paid data delivery service to allow financial firms on Wall Street to quickly access posts from high-level accounts, including that of President Donald Trump. This comes amid concerns over conflicts of interest since President Trump is both a key user of the platform and a major shareholder in the company.
Trump Media & Technology Group, the operator of the Truth Social social media application, announced plans to launch a new commercial service called “Truth API,” a paid commercial data feed system, which will begin service on 1 Aug 2026 GMT+7.
This service is designed for financial institutions and traders on Wall Street who require fast access to information. The system will deliver posts from the platform’s most influential and highest-ranked accounts—currently led by President Donald Trump, who has the largest following—directly to paying customers within fractions of a second, 24 hours a day, every day.
Previously, President Trump’s public posts have often triggered immediate and significant volatility in global financial markets, especially when he posted about trade policies, tariffs, or international conflicts. For global financial institutions, even a few seconds' delay in accessing this information can mean lost business opportunities or massive financial losses.
Until now, banks and traders had to monitor the Truth Social app screens themselves to check for new posts. The new service will deliver market-moving posts directly into the paying customers’ computer systems instantly.
“Financial markets already move in response to posts on Truth Social,” said Kevin McGrern, acting CEO of Trump Media. He expressed confidence that this service will become a stable and consistent profit source for the company, which currently operates at a loss.
However, Trump Media has yet to disclose official pricing for this high-speed data delivery service and added that several companies have previously been scraping data without authorization. The company plans to block these unauthorized channels soon to compel financial institutions to legally purchase the data.
This development has sparked intense debate among experts because the Trump family remains the largest shareholder in Trump Media, meaning the U.S. president stands to gain financially from selling expedited access to his own public statements, ahead of the general public.
While other social media platforms like X routinely sell data metrics and APIs to financial institutions, this case has drawn attention because it involves a sitting president.
Mark Spiegel, an investment expert at Stanphyl Capital Management, said if the service truly includes the president’s posts, it would be "an unprecedented phenomenon." Companies trading stocks based on breaking news would be at a "disadvantage" if they do not pay for this high-speed data. However, he added that in reality, Trump’s posts represent only a very small fraction compared to all other factors driving global financial markets.
Robert Frenchman, a partner at American law firm Dynamis, told Reuters, "Although this may seem clearly unfair, legally, technology platforms can tier levels of information dissemination without violating federal securities laws."
Currently, the White House has declined to comment on the matter. Meanwhile, the BBC contacted Trump Media to confirm officially whether the president’s own posts would be included in the paid expedited access data group, but no official response has been received yet.
. . .BBC