Sign up HERE to our DC Insider newsletter - your guide to what's rocking Washington, rattling the White House and setting tongues wagging on the Hill See more Daily Mail on Google - save us as a Preferred SourceBy ROSS IBBETSON, ASSOCIATE EDITOR Published: 18:59 BST, 17 July 2026 | Updated: 19:17 BST, 17 July 2026
Wall Street erupted in fury on Friday as it emerged Donald Trump's social media company is planning to charge as much as $100,000 per month for early access to the president's market-moving posts.Trump Media & Technology Group (TMTG) has quoted a six-figure monthly subscription model in talks with prospective buyers, sources familiar with the talks told the Financial Times. Investment firms pay big bucks for lightning fast market data which is fed into algorithms that execute trades where fractions of a second can make the difference between profit and loss.Trump frequently sparks huge market moves with posts announcing major decisions, from strikes in oil-rich regions such as Iran and Venezuela, to tariffs on America's biggest trading partners.The 'Truth API' product sparked backlash on the Street as traders faced a costly new line on their balance sheets. TMTG said it planned to launch the service next month and customers have already signed up. 'People will pay because they have to,' a hedge fund boss told the FT. 'If you're behind on that news, you'll get crushed.' The general public would not notice the speed difference because the advantage is so slight it can only be measured in 'milliseconds,' TMTG said. TMTG is majority owned by the Trump family and controls the President's Truth Social platform. Donald Trump looks at his phone during a roundtable with governors on the reopening of America's small businesses, in the State Dining Room of the White House in Washington, June, 2020 Trump rings the opening bell of the Nasdaq and the New York Stock Exchange (NYSE) to celebrate the first day of trading for Trump Accounts in the Oval Office of the White House in Washington, DC, July 6 New York Stock Exchange President Stacey Cunningham, right, and first lady Melania Trump pose for a picture after Trump signed a guest book on the floor of the NYSE before ringing the opening bell in New York, Monday, Sept. 23, 2019Interim CEO Kevin McGurn said: 'Markets already move on Truth Social posts ... As adoption grows, we expect Truth API to become a meaningful, ongoing source of revenue for the company.' TMTG's stock price has plunged more than 70 percent since the president took office last year, erasing $6 billion in shareholder wealth.The stock rose 0.6 percent to $9.63 on Thursday. Trump's annual financial disclosure showed he took in more than $1 billion in revenue last year from the same companies and offerings.Those returns, set against billions in investor losses tied to new Trump family crypto businesses, have sharpened scrutiny of his holdings. Conflict of interest laws would bar US government officials from owning a company that profits off their office by selling access to their decisions through public posts, Kathleen Clark of Washington University School of Law told the AP.Every president for at least five decades has placed their assets in a blind trust, leaving them in the dark about what stocks were being traded on their behalf. Trump broke with that precedent and refused a blind trust, meaning he can see exactly what his money managers are trading. Neither Trump nor his family directs the trades, under the arrangement he simply knows what is in his portfolio. The President has promoted more than 20 companies on Truth Social just days after buying their shares, according to a CNN analysis. Some of those posts were paired with announcements that the government would take action on issues that could benefit the firms, the analysis states. It is unclear whether the President knew of the trades before posting about them or their products. The billionaire Republican has said he'd sign a bill forbidding stock trading among lawmakers but has vehemently pushed back on efforts to curtail the transactions of US presidents. The White House denied that Trump has profited from the presidency.
