Trump's Posts Offered Early to Banks for Paid Access
Trump Media officially launched Truth API on August 1, selling real-time access to posts from the platform's top accounts to financial firms. The company's interim CEO Kevin McGurn described it as a feed of the platform's 'most market-moving Truths.'
- $100,000 a month is the reported price, or $60,000 on a three-year contract.
- 13 million Truth Social followers make Trump the platform's largest account by far.
- The feed covers the platform's 10 most influential accounts, per Reuters.
- $406 million net loss was reported by Trump Media in the first quarter of 2026.
Why it matters: Trump regularly uses Truth Social as the first venue for policy announcements on tariffs, trade, and foreign affairs — posts that have jolted global markets. Many of those posts never appear on his X account, which has more than 112 million followers.
- High-frequency and algorithmic trading firms can shift positions within milliseconds of new information, making early access commercially valuable.
How 5 sources split on this story
Where they split: The core dispute is whether selling speed-differentiated access to a president's market-moving posts is a legitimate data product or an abuse of public office for private gain.
Center coverage, 2 sources: The center treats the launch as a business and market-structure story, noting that comparable premium data feeds exist across social media, while flagging the legal scrutiny and Trump Media's ongoing financial losses.
Left coverage, 2 sources: The left frames Truth API as an extension of executive-branch corruption — a president selling insider-grade access to his own policy signals to the highest bidders, with enforcement unlikely because regulators answer to him.
Right coverage, 1 sources: The right frames Truth API as a standard B2B data product in a competitive information market, detailing the platform's influential accounts and noting that paid APIs are common across the industry.
What’s next: Senators Elizabeth Warren and Adam Schiff have asked the SEC to open an investigation into the service.
- Corey Frayer, a former senior SEC adviser, told Talking Points Memo that enforcement looks unlikely under the current administration.
- Which 10 accounts are included in the feed — Trump Media has not publicly disclosed the full list.
- Whether any regulator will act, and on what legal theory, remains unresolved.
- How many firms have subscribed and at what price has not been reported.