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Fortune

Joshua Hong

‘This is insider trading by definition’: Trump sells $100,000 monthly subscription service to Wall Street to further monetize the presidency

Donald Trump Melania Trump Jamie Raskin Truth Social Fortune SEC Trump Media & Technology Group ( Kevin McGurn the House Judiciary Committee

President Donald Trump looks on during an announcement. (Credit: Chip Somodevilla—Getty Images)

Donald Trump has created a way for Wall Street to pay to win. Trump Media & Technology Group’s premium data product released its new subscription service for earlier access to Truth Social posts for $100,000 a month. According to reports, five Wall Street firms have already signed up for the service, gaining access to Truth Social posts milliseconds before the general public.

“I’ll be blunt,” Gian Luca Clementi, an economics professor at NYU Stern School of Business, told Fortune. “This is insider trading by definition.”

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