US President Donald Trump’s social media company Trump Media and Technology Group (TMTG) has found a new way to earn money. The company now wants to take huge money from banks, investment companies and Wall Street trading firms in exchange for showing Trump’s social media posts first. According to people associated with the matter, the company has proposed a fee of 1 lakh dollars (about Rs 86 lakh) every month. If a company signs a three-year agreement, it will also be given a concessional plan of 60 thousand dollars (about Rs 52 lakh) per month.
TMTG on Thursday announced the launch of a new data service named ‘Truth API’. Through this service, banks and trading companies will be able to see the posts of Truth Social’s 10 most influential accounts first and fastest. However, the company has not made its price public. This is the first time that TMTG has entered the business of data licensing. The company believes that this will increase its earnings.
Controversy regarding new plan
However, after the announcement of this scheme, political controversy has started in America. US Democratic Senator Ron Wyden alleged that this plan will benefit the Trump family financially and big traders on Wall Street will also get a chance to earn money from it. At the same time, the White House refused to comment on this matter and referred the questions to TMTG. The company also did not immediately respond to this.
Why is Trump’s post important?
Trump’s social media posts sometimes have a big impact on the stock market. The biggest example of this was seen on 9 April 2025. That day, Trump wrote on Truth Social that he was stopping many of his new tariffs for 90 days. Shortly after this post, there was a sharp rise in the major stocks of Wall Street. Experts say that for companies doing high-frequency trading, getting information even a few milliseconds in advance can result in a profit of lakhs and crores of rupees. Therefore, this service is considered very important for such companies.
When will the new service start?
The company said that Truth API will start from August 1. In this, updates will be available 24 hours continuously and the complete record of posts from 2022 till now will also be available. The company claims that some customers have signed up for this service even before the launch, but their names have not been disclosed. The most followed accounts on Truth Social include Donald Trump, his son Donald Trump Jr., Eric Trump, his supporters Dan Bonzino and Sean Hannity.
Donald J. Trump Revocable Trust holds about 11.47 crore shares of TMTG, which is about 41% of the total shares of the company. This trust is run by Trump’s children, but the income from it goes to Trump only. This plan has been criticized by many experts and leaders. He says that with this the presidency can be used for personal earning. However, legal experts believe that under the existing laws it will not be easy to prove that this system is illegal.
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