Bloomberg to Pay for Faster Access to Trump’s Truth Social Posts

Bloomberg and two high-frequency trading firms have bought faster access to President Donald Trump’s Truth Social posts through a service priced at up to $100,000 a month.

Susquehanna International Group and Jump Trading are also subscribers, according to people with direct knowledge of the arrangements who spoke to Reuters.

The previously unreported purchases give financial businesses a timing advantage in reading presidential statements capable of moving markets.

The individual prices paid by the three companies were not disclosed.

Trump Media and Technology Group, Truth Social’s parent, has told investors that its customers pay between $60,000 and $100,000 a month.

A Millisecond Advantage

Trump Media officials put the service’s speed advantage at 50 milliseconds.

That interval can matter to automated trading systems, which process information and execute transactions in thousandths of a second.

The product, called Truth API, connects subscribers’ systems directly to the platform, allowing them to retrieve posts faster than someone repeatedly checking the app.

Trump’s announcements can produce immediate financial consequences. Oil futures fell in April after he posted that a ceasefire had been reached in the Iran war.

Trump Media launched its fastest-access offering in July, targeting trading firms and financial institutions.

In August, it said it had secured more than 10 customer agreements, mainly with Wall Street trading businesses. Reuters could not confirm that total.

Bloomberg, Susquehanna and Jump declined to comment.

Reuters, which competes with Bloomberg in financial news, said it would assess the product but had no current plans to subscribe.

Access Under Challenge

The arrangements bring renewed scrutiny to a presidential business selling faster access to statements that may contain official government announcements.

Intercept Media and the Freedom of the Press Foundation sued Trump in August, seeking to stop the White House from releasing such announcements exclusively through Truth Social while the paid feed remains available.

The ongoing lawsuit argues that charging for equal access to government information favors wealthy financial firms and infringes First and Fifth Amendment rights. Those claims have not been resolved.

Democratic Senators Elizabeth Warren and Adam Schiff asked the Securities and Exchange Commission in July to investigate whether the product breached securities laws.

They called it a “shocking abuse” of presidential office for personal financial benefit. The SEC declined to comment.

Trump Media defended the service.

“Truth Social offers an industry-standard API product for which there is significant demand across industries,” the company said.

It also described the reporting as misleading, cited customer confidentiality and accused congressional Democrats of confusing public information with nonpublic information.

Presidential Financial Ties

Trump is the sole beneficiary of a family trust holding 41% of Trump Media. SEC filings identify Donald Trump Jr. as trustee, with sole authority over voting and investment decisions.

White House spokesman Davis Ingle said neither the president nor his family directly participates in portfolio investment decisions.

He did not directly address the allegations about paid services or the lawsuit.

Trump Jr. did not respond to a request for comment. The Trump Organization, to which questions about his business role were referred, also did not respond.

Trump Media’s shares have fallen more than 50% this year.

Its market value stands at about $1.8 billion, compared with roughly $8 billion at the close of its March 2024 trading debut.