Bloomberg, Susquehanna, and Jump Trading are now among the firms reportedly paying up to $100,000 a month for early access to a presidential social media feed, and the conflict of interest drawing Senate scrutiny and federal lawsuits may be just…
Three of the fastest-moving buyers in finance have been named as paying customers for a feed of President Trump’s Truth Social posts. Reuters reported on the evening of Oct. 28, 2026, that Bloomberg, Susquehanna International Group and Jump Trading subscribe to Truth API. The report named people with direct knowledge of the matter. Truth API is the data product sold by Trump Media & Technology Group (NASDAQ:DJT).
None of the three firms has confirmed the report, and all declined to comment. Trump Media said, “This reporting is based on misleading information being peddled by anonymous sources” and described the product as “an industry-standard API product for which there is significant demand across industries.”
The stock has not yet traded on the news in a regular session. Shares closed at $5.97 on Oct. 28, down 6.13%, and traded at $5.98 after hours at 7:59 p.m. ET. All of that happened before the story ran.
Wall Street now appears to pay real money for a Trump Media product. Even so, shares sit just above a 52-week low of $5.91, are down 54.91% year to date, and the company has lost about $1.76 billion since 2024.
Truth API went live on August 1, 2026. It covers posts from Truth Social’s 10 most-followed accounts and includes an archive going back to 2022.
The service sells for up to $100,000 a month, and the reported price on a three-year plan is $60,000 a month. In August, the company said it had signed more than 10 customer agreements, mainly with trading firms paying $60,000 to $100,000 a month.
No one has reported what any of the named firms pay, and a price ceiling tells you nothing about booked revenue. Company officials put the speed edge at 50 milliseconds over someone checking the app, which means subscribers see public posts a fraction of a second before everyone else does.
Traders watch the president’s posts for possible signals on tariffs and individual companies. A high-frequency trading firm uses computers to trade in tiny slices of time, so it can profit from responding before the rest of the market by margins too small for any person to notice. A data terminal operator can then resell that speed to its own clients.
In an August interview, interim CEO Kevin McGurn said demand “came to us from the market” and that Trump Media had recently signed one of the largest financial data distributors. He did not name it. Bloomberg fits that description, but no one has confirmed that it is the firm he meant.
Social platforms commonly sell access to their data. What sets this case apart is that the person writing the posts is the sitting president, and he is also the sole beneficiary of the family trust that owns 41% of the company selling them.
In July, Senators Elizabeth Warren and Adam Schiff asked the SEC to investigate, calling the service a “shocking abuse” of office. In August, Intercept Media and the Freedom of the Press Foundation sued, calling it “profoundly corrupt.” That case is still ongoing.
Either the SEC request or the case could scare off customers or force product changes. A policy change that limits the feed would end it entirely, and well-known buyers have more reputation at risk, which may make them readier to cancel. The business remains small: second-quarter revenue was $1.70 million, set against a net loss of $238.11 million.
The case for the shares looks weak. Truth API is a real revenue source, but more than 10 premium customers cannot offset $1.76 billion in losses or support a $1.66 billion market value that rests mostly on financial assets.
Trump Media was valued at about $8 billion when it debuted in March 2024. Since then, persistent losses and steady headline risk have weighed on the shares, and the proposed merger with TAE Technologies, which the company aims to close in Q4 2026, adds more uncertainty. Among companies that sell market-moving data, S&P Global (NYSE:SPGI | SPGI Price Prediction) runs a long-established data business whose fortunes do not depend on one politician’s posts.
Next is Trump Media’s quarterly report, though the company has not confirmed a date. If the company breaks out Truth API revenue and the stock still closes below $5.91, that would show the market does not think the customer list is enough to turn the business around.
Contact [email protected] for any questions or corrections.
Omor Ibne Ehsan is a writer at 24/7 Wall St. He is a self-taught investor with a focus on growth, cyclical, and dividend equities that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as penny stocks.
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