Reuters: Bloomberg and three other companies agree to pay real communities to gain early access to Trump’s posts

Reuters reported that Real Communities, a social platform founded by U.S. President Trump, has signed contracts with news and data provider Bloomberg and two Wall Street trading firms to allow them to obtain Trump’s posts more quickly. People familiar with the matter said the service costs up to $100,000 per month.

The two trading companies are Susquehanna International Group and Jump Trading. Both companies are high-frequency trading companies focusing on algorithms and automated strategies.

This service allows subscribers to obtain Trump's posts in "Truth Social" earlier than ordinary users.

With President Trump's posts potentially triggering financial market volatility, this timing advantage could give Wall Street traders an advantage that ordinary investors don't have. The purchase of Truth API services by these companies has not been disclosed before. API is an application programming interface that serves as a digital bridge to connect different systems to each other.

Trump Media and Technology Group announced the launch of the service in July this year and marketed it to trading firms and other financial institutions.

Trump Media described this service as providing a time advantage of about 50 milliseconds. For trading companies and financial news and data organizations, this speed may be very important. Some critics believe the move is unethical.

Real Community's paid access plan involves legal issues that have not yet been fully clarified. In August this year, the investigative news website "Intercept" and the "Freedom of the Press Foundation" filed a lawsuit against Trump, requesting to prevent the White House from releasing official announcements only through "real communities" in the presence of paid information streaming services. The lawsuit is still ongoing, with plaintiffs arguing that setting payment thresholds for government information may be unconstitutional and may favor wealthy Wall Street companies.

Bloomberg, Sushana International Group and Jump Trading declined to comment.

The Trump media statement stated, "Real Community provides API products that comply with industry standards, and there is a huge demand for them in all walks of life. We take the confidentiality of our customers seriously. This report is based on misleading information spread by anonymous sources with the purpose of harming the interests of our company, customers and shareholders."

Since the beginning of this year, Trump Media’s stock price has fallen by more than 50%. Since its listing in 2024, the company's market value has fluctuated dramatically. The market value closed at approximately US$8 billion on the first day of listing in March 2024, but has now dropped to approximately US$1.8 billion. Since 2024, Trump Media has accumulated losses of approximately US$1.76 billion.

White House spokesman Davis Ingle said Trump and his family were not directly involved in investment decisions for any portfolio, but he did not respond to accusations that the president had improperly used his power.

In August, Trump Media told investors that the company had "signed over 10 customer agreements," but Reuters could not independently confirm this. The company did not disclose the names of its clients, saying only that its clients were mainly Wall Street trading firms, paying between US$60,000 and US$100,000 per month.

As a competitor of Bloomberg in the financial news market, Reuters stated in a statement that "we will evaluate this service, but currently have no subscription plans."

In addition, selling services that provide faster access to Trump's posts has drawn criticism from Democrats and media organizations.

Massachusetts Democratic U.S. Senator Elizabeth Warren and California Democratic U.S. Senator Adam Schiff said in July that they had asked the U.S. Securities and Exchange Commission (SEC) to investigate whether the service violated securities laws. They called the move an "egregious abuse of power" by the president for personal gain, but gave no further reasons.

The U.S. Securities and Exchange Commission declined to comment.