Trump Media discusses charging up to $100,000 a month for Truth Social data access

According to CNBC, Trump Media & Technology Group has discussed charging Wall Street traders and investment firms as much as $100,000 a month for faster access to Donald Trump’s posts on Truth Social, with a discounted $60,000 monthly plan available for firms that sign up for three years. The company on Thursday unveiled Truth API, a paid licensed data feed for banks and trading firms that will provide the fastest access to posts from the 10 most influential Truth Social accounts, and said it had already signed up customers ahead of an August 1 launch. Trump Media said the product is its first step into data licensing and will include round-the-clock coverage of influential posts as well as an archive going back to 2022. Shares of Trump Media, which have fallen about 27% this year, closed roughly flat at $9.66 on Friday, giving the company a market value of about $2.7 billion.