Trump Media's new data service gives faster access to Trump’s posts
CNBC • • business
Key Points:
- Trump Media and Technology Group launched "Truth API" on August 1, a paid data service providing faster, real-time access to Truth Social posts from President Donald Trump and other key accounts.
- The service offers licensed feeds of the platform's most market-moving posts, with Trump's @realDonaldTrump account being the largest and most influential, boasting 13 million followers.
- Trump's family is the largest shareholder in Trump Media, which operates Truth Social, highlighting the close ties between the platform and the former president.
- Democratic Senators Adam Schiff and Elizabeth Warren have called for an SEC investigation into the service, alleging it may represent an abuse of the presidency for personal financial gain.
- Truth Media's interim CEO Kevin McGurn defended the launch, emphasizing its role in monetizing proprietary assets and providing a high-margin revenue stream.
