Trump Media & Technology Group Corp. (NASDAQ:DJT) is monetizing President Donald Trump’s social media platform by offering Wall Street ultra-fast access to his online posts, a controversial move that Anthony Scaramucci argues is explicitly designed to let elite hedge funds exploit everyday retail investors.
A ‘Scheme Hiding in Plain Sight’
The growing controversy centers on the newly announced Truth API, a B2B data feed launching Aug. 1. The service provides institutional investors with real-time, low-latency access to Donald Trump’s statements. While Trump Media and Technology Group frames this as a lucrative new data-licensing product, critics are sounding the alarm over the ethical implications of intentionally selling first-look access to market-moving updates.
Taking to X in a recent video post, Scaramucci called the initiative a “scheme hiding in plain sight, and almost no one’s talking about it.”
He directly accused the company of facilitating an uneven playing field for the financial sector at the direct expense of regular traders. “Truth Social is going to sell hedge fund managers millisecond advantages on Trump’s tweets so that they can front-run other people’s trades,” Scaramucci warned.
Not a Loophole, But a Feature
In high-stakes trading, a fraction of a second can dictate massive profits. TMTG’s official press release validates Scaramucci’s concerns regarding speed and audience, noting the API will deliver posts in “milliseconds” and is designed specifically for “high-frequency and algorithmic trading firms.”
Interim CEO Kevin McGurn embraced the platform’s financial influence as a selling point, stating, “Markets already move on Truth Social posts.” He added that the API advances their strategy to monetize assets through a “high-margin, recurring revenue stream.”
However, Scaramucci emphasized that this inequity is entirely by design. “It’s not a loophole, it’s a business model, and we’ve got 30 months left to live with it,” he wrote. Expressing sheer disbelief in his video, Scaramucci remarked, “It’s unbelievable what’s actually going on. So I find it like driving 30 months in a lemon of a car. Time, guys.”
Benzinga has reached out to Trump Media & Technology Group for comment on Scaramucci’s allegations but did not receive an immediate response.
How Has DJT Performed In 2026?
DJT shares were down 25.83% year-to-date, but 15.67% higher over the last month, and down 48.99% over the year. It closed up 0.82% at $9.82 per share on Tuesday, and it was 0.61% lower in overnight trading.
Benzinga’s Edge Stock Rankings indicate that DJT maintains a strong price trend in the short and medium terms but a weak trend in the long term.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: mundissima / Shutterstock
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