Donald Trump’s media company, Trump Media + Technology, has announced plans to implement a new service offering high-speed access to Truth Social posts. The initiative, revealed on Thursday, is designed to allow Wall Street trading firms and other institutional clients to receive content from top-performing contributors in milliseconds. This advantage could enable these entities to react faster to market-moving information, potentially profiting from fluctuations in stocks, bonds, and interest rates.
Critics have sharply condemned the move, labeling it as a clear conflict of interest. Kathleen Clark, a professor at Washington University School of Law and an expert in government ethics, described the proposal as "brazen corruption" and an "improper exploitation of government power to enrich himself." According to Clark, while federal conflict of interest laws prohibit most government officials from owning companies that profit from their public office, the president and vice-president are notably excluded from these specific provisions. Historically, however, past presidents have voluntarily placed assets in blind trusts or divested holdings to avoid such ethical dilemmas—a practice Trump has declined to follow.
The platform, which hosts the president’s 12.9 million followers, has recently become a venue for major policy announcements, including commentary on the Iran war, new tariffs, and immigration enforcement efforts. Investors have closely monitored these posts, particularly those regarding Iran, due to concerns that rising oil prices could trigger inflation and influence Federal Reserve interest rate policy. Trump Media did not disclose specific pricing for the service, but the firm's new media executive, Kevin McGurn, stated in a press release that the "Truth PSI" offering is part of a broader strategy to monetize proprietary assets and generate a "meaningful, ongoing source of revenue."
The company has confirmed that it has already signed up customers and intends to launch the service next month. This development follows a period of financial instability for Trump Media, which has seen its stock price decline by more than 70% since the president took office last year, resulting in an estimated $6 billion loss in shareholder wealth. Despite the company’s efforts to diversify into crypto, financial services, and nuclear fusion, its stock closed at $9.63 on Thursday, a significant drop from the $40 per share valuation recorded before the presidency. Trump Media declined to comment on whether the president’s own posts would be included in the paid access service.
Stock in Trump Media + Technology has plunged more than 70% since the president took office last year, erasing $6bn in shareholder wealth. Those losses, along with billions more of investor losses tied to new Trump family crypto businesses, have drawn scrutiny after Trump’s annual disclosure of his financial holdings s
The stock rose 0.6% to $9.63 on Thursday. Before Trump took office last year, it closed at $40.
