Trump Media & Technology Group is introducing a paid service called Truth API to provide high-speed access to influential Truth Social posts for financial firms.

Trump Media & Technology Group, the parent company of Truth Social, announced a new commercial data feed that will deliver posts from high-ranking accounts to institutional clients in milliseconds. The service, titled Truth API, is scheduled to launch on August 1 and will operate 24 hours a day, seven days a week. The company aims to generate a new revenue stream for the currently loss-making firm by targeting financial traders who rely on rapid information.

Targeting Market-Moving Information

The service is designed for financial traders who monitor Truth Social for market-moving news, particularly regarding trade and tariffs. Previously, firms had to monitor the platform manually, but the new system will deliver updates directly to paying clients. Kevin McGurn, the interim boss of Trump Media, stated that the service will create a steady profit, noting that markets already react to posts on the platform.

Enforcement and Market Impact

Trump Media reported that some firms have been copying its data without permission for months. McGurn indicated the company will soon block these unauthorized methods, effectively requiring firms to purchase the official feed. While investment expert Mark Spiegel noted that Trump's posts represent a small fraction of total market-moving information, he suggested that traders who do not pay for the feed could be at a disadvantage. Robert Frenchman, a partner at the law firm Dynamis, stated that tech platforms can tier information distribution without violating federal securities laws.