Trump Media Truth API goes live with faster access to Truth Social posts
Trump Media launched Truth API on Aug. 1, selling real-time access to posts that can move markets as senators press the SEC to investigate.
By Maya Okafor · Markets Writer
· 3 min read
Trump Media Truth API access went live on Aug. 1, giving paying customers a faster way to receive Truth Social posts from President Donald Trump and other major accounts on the platform. For everyday investors watching DJT, the rollout matters because Trump’s posts have already become market-moving information.
Trump Media and Technology Group, the public company behind Truth Social, said the paid service is called “Truth API.” Kevin McGurn, the company’s interim CEO, described it in a launch release as “a direct, licensed, real-time feed of the platform’s most market-moving Truths.”
An application programming interface, or API, is a software connection that lets one system receive data from another. In this case, Trump Media is selling direct access to selected Truth Social posts, which can help firms see and process those posts faster than users reading the app manually.
What is Truth API?
Truth API is Trump Media’s paid data product for firms that want a licensed, real-time feed from Truth Social. The company said the feed covers posts from Trump and other top accounts on the platform.
The company did not name Trump in the quoted description of the product, but his @realDonaldTrump account is by far the largest account on Truth Social, CNBC reported. As of Saturday, the account had 13 million followers.
Trump has used Truth Social to post major policy updates, including comments related to the war with Iran, according to CNBC. That makes the timing and distribution of his posts relevant to traders, newsrooms and other organizations that monitor information likely to affect asset prices.
Trump’s family is also the largest shareholder in Trump Media, CNBC reported. That adds a political and governance layer to the launch because the company is now charging for faster access to information that includes posts from the sitting president.
Why are senators asking the SEC to look at it?
The launch followed criticism from Democratic Sens. Adam Schiff of California and Elizabeth Warren of Massachusetts. In a letter dated Tuesday to Securities and Exchange Commission Chair Paul Atkins, the senators asked the SEC to investigate whether Trump Media is breaking the law with the new data service.
“This appears to be an outrageous abuse of the President’s office for his personal benefit that undermines everyday investors and the integrity of our markets, while enriching Wall Street and other wealthy insiders,” Schiff and Warren wrote in the letter.
The SEC declined to comment on the letter to CNBC.
McGurn defended the product when it was announced, saying that markets already respond to posts on Truth Social. He said Truth API would provide a direct, licensed and real-time feed while helping Trump Media make money from its proprietary assets through what he called a high-margin, recurring revenue stream.
For investors, the dispute centers on access and speed. If certain firms can pay for a faster feed of posts that may affect stocks, commodities or currencies, regulators may be asked to examine whether that creates an unfair market advantage or violates existing rules.
This story draws on original reporting from CNBC.
