Donald Trump’s social media company has reportedly been in discussions about charging traders and investors up to $100,000 per month for faster access to the president’s posts on Truth Social, according to a report published Friday by the Financial Times.
Trump Media & Technology Group did not respond to a request for comment from Reuters, and Reuters was unable to independently confirm the report, which was based on sources familiar with the matter.
On Thursday, the company officially launched a paid, licensed data service called the “Truth API,” designed to give banks and trading firms what it describes as “the fastest” access to posts from high-profile Truth Social accounts.
According to a spokesperson, the product will deliver content from the platform’s 10 most influential accounts at speeds significantly faster than standard push notifications sent through the Truth Social app.
The launch represents Trump Media & Technology Group’s first entry into the data licensing market and creates a new revenue stream for the company, which has struggled to grow its media business in the face of stiff competition from larger, more established social media platforms.
