Trump Media & Technology announced plans to sell real-time access to high-ranking Truth Social posts, including those from President Donald Trump, to Wall Street firms, sparking ethics concerns as stock prices plummeted 70% since his 2025 inauguration.
President Donald Trump’s media company, Trump Media & Technology Group, is set to launch a paid data service offering Wall Street firms and institutional investors near-instant access to posts from the platform’s most-followed accounts, including the president’s own. The service, dubbed Truth PSI or Truth API depending on the source, aims to provide “real-time access to posts from the highest-ranking Truth Social accounts” within milliseconds, according to Spectrumlocalnews and Yahoo. The move has drawn sharp criticism from ethics experts, who argue it risks exploiting government power for personal gain.
The Service: Speed for Traders, Concerns for Ethics
The service, which will begin next month, is designed to give firms most impacted by the cost of a delay in information — including high-frequency trading firms — a competitive edge by delivering posts “in milliseconds,” Yahoo reported. A press release from Trump Media & Technology stated that subscribers would receive posts from “the highest-ranking Truth Social accounts” before other users, though it did not clarify whether the president’s posts would be excluded. Spectrumlocalnews noted that Trump’s 12.9 million followers make his posts particularly valuable, given their history of influencing financial markets.
“He’s selling expedited, privileged access to information about what he is doing as president,” said Kathleen Clark of Washington University School of Law, an expert in government conflicts of interest rules. “It’s yet more brazen corruption, an improper exploitation of government power to enrich himself.”
The company has not disclosed pricing details, but Livenowfox reported that it expects the service to become a “meaningful, ongoing source of revenue.” Trump Media’s CEO, Kevin McGurn, emphasized that the offering aligns with the company’s strategy to “monetize proprietary assets through a high-margin, recurring revenue stream,” Yahoo noted. However, the announcement comes as the company’s stock has fallen 70% since Trump took office, erasing $6 billion in shareholder value, SMH reported.
Market Impact and Political Risks
Trump’s Truth Social posts have long influenced financial markets, particularly when discussing trade, tariffs, or geopolitical tensions. For example, his recent comments on the Iran conflict and U.S. immigration policies have drawn significant investor attention, SMH noted. The new service could amplify this effect, allowing traders to react to market-moving news before the general public. Livenowfox cited a company statement claiming the feed would “provide continuous 24/7 coverage” and include an archive of posts dating back to 2022.
Despite the potential revenue, the move has raised legal and ethical questions. Federal conflict-of-interest laws prohibit government officials from profiting from their positions, though the president is exempt. SMH noted that Trump has not divested his business interests, unlike previous presidents. The company’s recent expansion into cryptocurrency, financial services, and a $6 billion merger with nuclear fusion startup TAE Technologies Livenowfox also underscores its aggressive diversification strategy.
Stock Performance and Investor Scrutiny
Trump Media’s stock has been volatile, with shares rising 0.6% to $9.63 on the day of the announcement, Livenowfox reported. However, the stock remains down 77% from its 2025 pre-presidency level of $40. The decline has drawn scrutiny, particularly after Trump’s annual financial disclosure revealed over $1 billion in revenue from businesses tied to his presidency, SMH noted. Critics argue the new service could further erode public trust in the administration.
The company has already secured customers for the service, Spectrumlocalnews reported. However, the Trump Organization declined to comment on whether the service would profit from the president’s role, and Trump Media did not address the issue directly. BBC noted that the move aligns with broader trends in financial markets, where premium data feeds are common, but the involvement of a sitting president adds a layer of controversy.
The service’s launch is expected by August 1, Yahoo reported, but regulatory and legal challenges could delay it. Meanwhile, the company’s ongoing merger with TAE Technologies faces approval hurdles, Livenowfox noted. As Trump’s administration continues to navigate financial and legal scrutiny, the new service highlights the growing intersection of social media, politics, and high-stakes finance.
Find more reporting in our Business section.
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