Truth API has been launched by Trump Media as a business-to-business feed that delivers faster access to posts from prominent Truth Social accounts. The company says the service covers high-profile users including President Donald Trump, who has about 13 million followers on the platform and whose frequent posts can influence financial markets.
Institutional clients began receiving the feed on Saturday. Hours later, Trump posted on Truth Social that he was again close to a deal to end his war on Iran. On a typical trading day, a message like that could move oil markets, and subscribers with earlier access might have been able to trade on it.
Trump Media has not publicly revealed pricing. According to people familiar with the discussions, the company explored charging as much as 100,000 dollars per month, or 60,000 dollars per month on a three-year plan.
Reactions to Truth API
Market analyst Jim Bianco, president of Bianco Research, wrote on X that the service could encourage “more frequent market-moving posts,” adding that Trump would want customers to be satisfied with the new offering.
Shaun Maguire, a Sequoia Capital partner and vocal Trump supporter, said on X that he does not support the initiative, arguing that moves like this cheapen Trump’s policy achievements.
Dean Baker, cofounder of the Center for Economic and Policy Research, said the service could disadvantage ordinary investors. He argued on X that profits from faster information would ultimately come at the expense of retirement savers.
Finance writer James Surowiecki said on X that he believes the arrangement violates insider trading laws. He argued that Trump would be disclosing information about future public statements as president in exchange for money, which he said breaches a duty to the government, and that anyone paying for the feed would be purchasing misappropriated information.
Jason Calacanis, cohost of the “All-In” podcast, said the rollout showed people around Trump are not offering candid advice. He predicted “endless, justified investigations” into such projects and separately likened the idea to an official offering to let buyers front-run the market for a fee.
Joe Saluzzi, cofounder of Themis Trading, told the Associated Press that the feed could allow subscribers to outpace other traders. “Somebody who buys the info and has a system built to process it will be able to act quicker than you and me,” he said, adding that retail investors would lose out.
Zach Everson, director of Public Citizen’s Trump Accountability Project, wrote on Bluesky that claims Trump would not profit during a presidency were a “farce.” He questioned whether Trump Media would sell Wall Street the fastest access to Trump’s posts without his involvement. Trump holds a majority stake in Trump Media.
Vuk Vuković, founding partner at hedge fund Oraclum Capital, said on X that his team would compare Trump’s posts with market reactions to test for “meaningful signals.” He predicted they would find none, arguing that the volume and noise of posts overwhelm any potential trading edge and that gains would likely be offset by losses.
Mebane Faber, cofounder and chief investment officer of Cambria Investment Management, criticized the offering on X as “gross and embarrassing.”
Edward Dowd, cofounder of Phinance Technologies, said on X that if Trump were not president the service would see “zero sales.” He called it a misuse of the office and said Trump could tell the company to halt the effort.