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Truth API for Traders
Trump Media & Technology Group, the parent company of Truth Social, announced plans to launch “Truth API,” a paid “data feed” that provides what it calls the “fastest” real-time access to posts from “the highest-ranking Truth Social accounts.”
“Truth API,” a data feed that provides what it calls the “fastest” real-time access”
The service is described as delivering posts from Truth Social’s 10 most influential accounts to customers “significantly faster than the usual push notification,” with the company saying it will be available starting next month and that some customers have signed up ahead of its launch.
Kevin McGurn, Trump Media’s interim CEO, said in a statement, “Markets already move on Truth Social posts,” and added that “we expect Truth API to become a meaningful, ongoing source of revenue for the company.”
The company said the feed will deliver posts in “milliseconds,” and CBS News reported it is expected to be available beginning Aug. 1 and designed for firms “most impacted by the cost of a delay in information.”
Price Talk and Criticism
The Financial Times, as relayed by Reuters, reported that Trump Media discussed charging traders and investors as much as $100,000 a month for faster access to Donald Trump’s posts, and Reuters said it could not independently verify the report.
Reuters also said the company on Thursday unveiled “Truth API” to provide banks and trading firms “the fastest” access to posts from influential Truth Social accounts, while Trump Media did not immediately respond to a Reuters request for comment.
Democrats condemned the offering, with Sen. Adam Schiff posting, “Hard to keep pace with the President’s corrupt profiteering off the presidency, but here’s yet another scheme, this time to save his failing social media business,” and Sen. Richard Blumenthal warning it was “preferential access is yet another example of flagrant corruption, trading access to the White House for Trump’s self-enrichment.”
The BBC reported that Truth API will run “24 hours a day, seven days a week,” and said Trump Media warned it would block methods where firms copy its data without permission, forcing them to buy the official feed instead.
Conflicts and Market Impact
The launch is positioned as a new revenue stream for a company that has faced challenges scaling its media business, and Reuters reporting through WTVB said Truth API would be TMTG’s first step into data licensing.
“opening up a new revenue stream for the company”
Time Magazine said Trump Media’s revenues stand to benefit the Trump family because President Trump owns about 41% of the publicly traded Trump Media through a revocable trust, and it noted the company’s paid feed could influence how trading firms act on market-moving posts.
The BBC described the stakes in terms of speed, saying that for firms “a delay of even seconds can be costly,” and it quoted Mark Spiegel, an investment expert from Stanphyl Capital Management, saying, “Companies that trade off the latest headlines would be "at a disadvantage" if they did not pay for quick access.”
Time Magazine also tied the controversy to the president’s broader market influence, citing that in April last year, hours before Trump announced he would pause most tariffs for 90 days, he posted on Truth Social that it was a “GREAT TIME TO BUY,” and it said this year his posts on the U.S.-Iran war “have swung oil prices up and down.”