Trump Begins Selling $100,000 Monthly Subscription Service to Wall Street
Trump Media has officially launched its $100,000-per-month data feed giving trading firms machine-readable access to Truth Social posts milliseconds before the public. According to Fortune, five Wall Street firms have already signed up for the service, which "would generate about $500,000 in monthly revenue, or $6 million annually." Critics argue the service could let President Trump, who owns…
President Donald Trump has unveiled a new monthly subscription service for Wall Street firms, providing them with exclusive access to his Truth Social posts before they're publicly available, Fortune reports. The service, priced at $100,000 per month, would generate an estimated $6 million annually for Trump Media & Technology Group, according to Bloomberg.
However, critics argue the arrangement could constitute insider trading, as it would allow Trump, who owns nearly half the company, to profit from early access to potentially market-moving statements. Economics professor Gian Luca Clementi of NYU Stern School of Business stated bluntly that this is "insider trading by definition."
Trump's media venture has faced challenges, with Truth Social reporting substantial losses since going public in Q1 2026. Trump Media & Technology Group spokesperson Shannon Devine defended the service, stating it provides the fastest way to access publicly available data, but other experts warn it could violate federal law once Trump posts genuinely market-moving news.
Senator Alex Padilla (D-Calif.) plans to introduce legislation to ban the president from selling expedited access to his statements.
Written by urgent.news from Slashdot's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
