Trump Media and Technology Group has launched a subscription service providing financial firms with faster access to President Donald Trump's social media posts.
Key facts
- •The Truth API service went live on Saturday.
- •President Trump owns 114.75 million shares of TMTG, accounting for 41% of the company.
- •Trump has 13 million followers on Truth Social, the largest following on the platform.
- •Sens. Elizabeth Warren and Adam Schiff have called for an SEC investigation into the service.
- •TMTG interim CEO Kevin McGurn stated the API is designed to monetize the platform's market-moving content.
Trump Media and Technology Group (TMTG) launched a new high-speed data feed called "Truth API" on Saturday. The service allows financial firms and other organizations to receive alerts for posts from President Donald Trump and other top accounts before they are visible to the general public. TMTG describes the feed as a licensed, real-time method for firms to track market-moving content on the platform.
By the numbers
Market Impact and Financial Stakes
President Trump, who holds 13 million followers on Truth Social, frequently uses the platform to announce economic policies, such as tariffs, and military operations. While trading firms currently monitor his posts via services like Bloomberg or Reuters, the new API aims to provide access seconds or milliseconds faster. TMTG interim CEO Kevin McGurn stated the service is part of a strategy to monetize proprietary assets through recurring revenue.
Ownership and Regulatory Scrutiny
President Trump is a major stakeholder in TMTG, owning 114.75 million shares, which represents 41% of the company according to his 2025 financial disclosure. Sens. Elizabeth Warren and Adam Schiff have requested that the U.S. Securities and Exchange Commission investigate whether the sale of this faster access violates the law. The senators characterized the service as an abuse of office that could undermine market integrity.
Timeline
- Jan. 6, 2021Trump was banned from major social media platforms following the attacks on the Capitol.
- Early 2022Trump launched Truth Social.
- November 2022Elon Musk reinstated Trump's access to X.
- January 2023Trump regained access to Facebook and Instagram.
- SaturdayTMTG launched the Truth API subscription service.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by NBC Politics.
