● Covered by 1 source · 1 reportLow impact1 neutral
Trump Media Launches Paid Data Service for Faster Access to Truth Social Posts
Key points
- Trump Media launched "Truth API" on August 1.
- The service offers real-time access to Truth Social posts.
- It targets firms needing market-moving information from top accounts.
- Democratic Senators raised concerns about potential legal violations.
Truth API Launch
Trump Media and Technology Group introduced its new paid data service, "Truth API," on August 1. This application programming interface provides clients with faster, licensed, real-time access to posts from Truth Social, including those from prominent accounts like Donald Trump's.
Service Purpose
Interim CEO Kevin McGurn stated that "Truth API" is designed to offer firms a direct feed of the platform's most market-moving "Truths." The service is part of Trump Media's strategy to monetize its proprietary assets and generate a high-margin, recurring revenue stream.
Donald Trump's Influence
While not explicitly named in the announcement, Donald Trump's @realDonaldTrump account is the largest on Truth Social, with 13 million followers. His posts often contain significant policy decisions, making real-time access valuable for certain market participants. Trump's family is also the largest shareholder in Trump Media.
Regulatory Scrutiny
The launch has attracted criticism from Democratic Senators Adam Schiff and Elizabeth Warren. They urged the Securities and Exchange Commission (SEC) to investigate whether the company's new service constitutes an abuse of the President's office for personal benefit, potentially undermining investors and market integrity. The SEC has not commented on the letter.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
The daily brief
One email each morning: the day's tech stories, clustered across outlets and summarized. No account needed.
One email a day. Unsubscribe in one click, any time.
Today's brief
Spend a few minutes, get the whole day. Every topic's top stories in one hands-free rundown — listen, watch, or read the transcript.
▶ Play today's brief
New every morning, and the back catalogue is archived by date.
Reporting from
Trump Media and Technology Group launched "Truth API," a paid data service providing real-time access to Truth Social posts, including those from Donald Trump. This service aims to monetize proprietary assets through a recurring revenue stream, but has drawn scrutiny from Democratic Senators regarding potential abuse of office.