Trump Media and Technology Group introduced Truth API, a subscription-based data service, on Saturday that provides paying customers accelerated access to posts from Truth Social accounts, including those of President Trump. The service charges fees up to $100,000 monthly and delivers real-time feeds of what the company describes as “market-moving Truths” to trading firms and other subscribers before general users can access them.
Interim CEO Kevin McGurn stated in an announcement that the service was designed to offer businesses a “direct, licensed, real-time feed” of platform content. While similar paid data services exist on competing social media platforms, Trump Media’s offering is notable because Trump holds the largest shareholder stake in the publicly traded parent company and maintains the platform’s most-followed account with 13 million followers. Trump has historically used Truth Social to announce major policy decisions, including those involving tariffs and military matters, before communicating them through other channels.
Critics argue the service represents market manipulation and insider trading concerns. Democratic Senators Adam Schiff and Elizabeth Warren sent a letter to Securities and Exchange Commission Chair Paul Atkins requesting an investigation into whether the company violated laws. In their correspondence, the lawmakers characterized the offering as “an outrageous abuse of the President’s office for his personal benefit.”
Trump’s Truth Social activity has coincided with significant market movements. The previous year, Trump published more than 100 posts in a single day while global stock markets experienced declines amid concerns about potential economic slowdown. Posts regarding Iran and oil prices have drawn investor attention due to implications for inflation and Federal Reserve policy.
Trump Media stock has declined more than 70 percent since Trump took office, though shares climbed 5.5 percent to $10.39 on Friday ahead of the API launch. The company has primarily relied on advertising revenue but may expand its financial model through the new service if demand proves sufficient.
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