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Trump Media CEO defends faster access to Truth Social posts
CNBC • • business
Key Points:
- Trump Media & Technology Group's interim CEO Kevin McGurn reported an increase in customers subscribing to the Truth API, a service offering faster access to President Trump's Truth Social posts, now reaching mid-teens in number.
- The Truth API service, priced up to $100,000 per month, launched on August 1 and has seen growth from over 10 customer agreements reported two weeks prior.
- Critics argue the service gives wealthy firms an unfair advantage by allowing them to access market-moving announcements from President Trump before the general public.
- President Trump is a major shareholder in Trump Media & Technology Group, with his shares held in a revocable trust.
