On August 2, Trump Media officially launched its paid data service, Truth API, providing customers with faster access to posts from Trump and other top accounts on the Truth Social platform. The service costs $100,000 per month and is primarily targeted at trading firms and corporations. Kevin McGurn, interim CEO of Trump Media, stated that Truth API is designed to deliver institutions with direct, authorized, real-time data feeds of the most market-influential Truth posts. U.S. Democratic Senators Adam Schiff and Elizabeth Warren have sent letters to the U.S. Securities and Exchange Commission requesting an investigation into whether Trump Media has violated the law. They argued that the service may constitute using the presidency for personal gain and could harm ordinary investors and market integrity. Trump Media stated that Truth API will drive the commercialization of its proprietary data assets through a high-margin, recurring revenue model.
Trump Media Launches Truth API, Offering Real-Time Post Data for a $100,000 Monthly Fee
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Summary
Trump Media has launched the Truth API, a paid data service providing real-time access to posts from Trump and top Truth Social accounts. The $100,000 monthly fee targets trading firms and enterprises. Kevin McGurn stated that the API delivers direct, licensed data on market-influential posts. Senators Schiff and Warren have requested the SEC to investigate potential violations involving on-chain data and market integrity. Trump Media aims to commercialize its data assets through a high-margin, recurring revenue model. Inflation data and real-time social sentiment may now play a larger role in trading strategies.
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