Trump Media CEO Defends Truth API Service Amid Growing Subscription Numbers
Kevin McGurn, interim CEO of Trump Media & Technology Group (TMTG), defended the company's controversial service called Truth API, which offers faster access to President Donald Trump’s posts on his social media platform, Truth Social. The paid subscription model allows companies to receive updates before they are publicly available and costs up to $100,000 per month. McGurn told CNBC that the number of subscribers has increased from over 10 two weeks ago to now in the mid-teens as of his latest update on Monday. The service launched on August 1 but has drawn criticism for potentially enabling firms with financial means to act on market-moving information ahead of the general public. Trump, who is a major shareholder in TMTG through a revocable trust, remains central to the company's operations and influence.
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Topics: Donald Trump Social Media Trump Media Truth API