Bloomberg and trading firms pay for faster Trump Truth Social access

Truth Social has signed up Bloomberg and two Wall Street firms for faster access to President Donald Trump's posts. The service costs up to $100,000 a month. The firms are Susquehanna International Group and Jump Trading.

The service gives subscribers a timing advantage to Trump's posts. These posts can create swings in financial markets. Wall Street traders gain an edge not available to everyday investors.

“Truth Social offers an industry-standard API product for which there is significant demand across industries. We take customer confidentiality seriously.”

The purchases of the Truth API service have not been previously reported. Trump Media and Technology Group announced the fastest-access product in July. The company pitched it to trading firms and other financial institutions.

The deals likely mark the first time a business tied to a sitting president sold access to their statements. Some critics have called the practice unethical. Intercept Media and the Freedom of the Press Foundation sued Trump in August.

The lawsuit seeks to block the White House from posting official government announcements exclusively on Truth Social while the paid feed exists. The suit alleges that erecting a financial barrier to government information is potentially unconstitutional. It also says the arrangement favors wealthy Wall Street firms.

Bloomberg, Jump Trading and Susquehanna declined to comment. Trump Media said there is significant demand for the API product across industries. The company called the reporting misleading and based on anonymous sources.

The president's family trust owns 41 percent of Trump Media.