Trump Media Group Launches Truth API with Monthly Fees Up to $100,000
On August 2, Trump Media Group officially launched its paid data service, Truth API, which provides quick access to posts from Trump and other top accounts on the Truth Social platform. The service has a monthly fee of up to $100,000, primarily targeting trading firms and businesses. Kevin McGurn, the interim CEO of Trump Media, stated that Truth API aims to provide institutions with "direct, licensed, real-time streams of the most market-impacting Truth posts data." Trump's @realDonaldTrump account currently has 13 million followers, and some important policy decisions will be announced first on Truth Social. Before the service launched, U.S. Democratic Senators Adam Schiff and Elizabeth Warren had already written to the U.S. Securities and Exchange Commission, requesting an investigation into whether Trump Media violated the law, claiming that the service could constitute using the presidential office for personal gain and harm ordinary investors and market integrity. Trump Media stated that Truth Social posts have already been able to influence the market, and Truth API will drive the commercialization of the company's data assets through a high-margin, recurring revenue model.
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