Trump Media officially launched data feed worth $100.000 per month, giving trading companies access to Truth Social posts milliseconds before the public. According to Fortune, five Wall Street firms have already signed up for the service, which “will generate about $500.000 in monthly revenue or $6 million annually.”
Critics argue that the service could allow President Trump, who owns about 41% of the company, to benefit from early access to market-influencing presidential communications. “I’ll be honest,” Gian Luca Clementi, a professor of economics at NYU Stern School of Business, told Fortune. “This is by definition insider trading.”
"It will bring profit from the role of the office of the president of the United States. The indisputable fact is that someone will make more money than before, and that is the president of the United States."
Trump's media arm, Trump Media, is struggling to build a profitable social media business despite its high valuation. Truth Social has reported significant operating losses since going public. According to the company's first-quarter 2026 earnings report, Trump Media & Technology Group posted losses of about $405 million and generated less than $900.000 in sales.
Shannon Devine, a spokesperson for Trump Media & Technology Group, however, refuted the accusation, telling Quartz that the Truth API “offers customers the fastest way to ingest publicly available Truth Social data” and that critics “have invented a new theory of ‘insider trading’ based on publicly available information.”
On the other hand, legal experts say the biggest risk lies ahead. Richard Painter, a former White House chief ethics adviser, argued that the arrangement could violate federal law when Trump actually publishes market-impacting news — about tariffs, military action or other policy decisions — before it is made public, with Truth Social essentially acting as a paid “filter” on the president’s behalf.
Senator Alex Padilla (Democrat of California) said that he plans to introduce legislation on Tuesday to prohibit the president from selling expedited access to his statements.
Although the press releases will range from very select to rare, I said I'd pass...because sometimes the editors hide.
