Truth Social sells faster Trump post access to Bloomberg, trading firms

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Truth Social sells Trump access

Highlights

Truth Social sells API access to Bloomberg, Susquehanna International Group, and Jump Trading, giving firms faster delivery of Trump posts for market strategies.
Legal and political scrutiny intensifies as Intercept Media sues Trump and Senators Warren and Schiff urge SEC investigation into potential securities law violations and favoritism.
Trump Media shares have dropped over 50% in 2024, with market value plunging from $8 billion in March debut to $1.8 billion and cumulative losses reaching $1.76 billion.

Paid feed reaches financial market users

As first reported by Reuters, Truth Social has signed Bloomberg, Susquehanna International Group and Jump Trading for access to its Truth API service, according to people with direct knowledge of the matter.

The product gives subscribers a timing advantage on Trump's posts through an application programming interface, a digital connection that lets one system pull content directly from another. That edge could matter to firms using algorithmic and automated trading strategies because Trump's statements can move financial markets.

Trump Media announced the fastest-access product in July and marketed it to trading firms and other financial institutions. Bloomberg, Jump Trading and Susquehanna declined to comment.

In a statement, Trump Media said Truth Social offers an industry-standard API product with significant demand across industries and said the reporting relies on misleading information from anonymous sources intended to harm the company, its customers and shareholders.

Legal and market scrutiny intensifies

Truth Social's pay-for-access plan is entering untested legal territory as critics argue that a business tied to a sitting president should not sell preferred access to his statements. Intercept Media and the Freedom of the Press Foundation sued Trump in August to block the White House from posting official government announcements only on Truth Social while the paid feed exists.

The lawsuit is ongoing and argues that putting government information behind a financial barrier could be unconstitutional and could favor wealthy Wall Street firms over everyday investors. Democratic Senators Elizabeth Warren and Adam Schiff have also said they asked the U.S. Securities and Exchange Commission to investigate whether the service violates securities laws, calling it a shocking abuse of office for personal gain.

The SEC declined to comment. A White House spokesperson said Trump acts in the best interests of the American public but did not directly address the lawsuit or its allegations.

Trump Media's shares have fallen more than 50% so far this year. The company's market value has also been volatile since its March 2024 public debut, dropping from about $8 billion at the close of its debut to about $1.8 billion now, while cumulative losses since 2024 total about $1.76 billion, including non-cash charges.

In our earlier coverage of the S&P 500’s push toward 8,000, we noted that investors were weighing strong third-quarter earnings expectations against rising oil prices, elevated Treasury yields, and growing political uncertainty. The piece also highlighted concentration risk in AI-linked megacaps and weakening market breadth, suggesting that near-record index levels may be masking underlying strain across many stocks.

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