Trump Media Launches Paid Data Service for Real-Time Access to Truth Social Posts
Trump Media and Technology Group (DJT) launched its new paid data service, called 'Truth API,' on August 1. The real-time feed provides faster access to posts from Donald Trump's @realDonaldTrump account and other top accounts on the platform. The company claims this will help firms react more quickly to market-moving content. The launch has drawn criticism from Democratic Senators Adam Schiff and Elizabeth Warren, who have urged the SEC to investigate potential legal violations by the firm. They argue that the service could be an abuse of Trump's position for personal gain at the expense of everyday investors. The SEC did not comment on their inquiry. Trump Media’s interim CEO Kevin McGurn emphasized the strategic value of monetizing proprietary content through a high-margin, recurring revenue model.
Tickers: $DJT
Topics: API launch SEC investigation Trump Media and Technology Group Truth Social