Trump Media Launches $60,000 Truth API, Drawing Criticism Over Trump Post Sales
Updated
Updated · POLITICO · Aug 13
Trump Media Launches $60,000 Truth API, Drawing Criticism Over Trump Post Sales
3 articles · Updated · POLITICO · Aug 13
Summary
More than 10 customers have already signed up for Truth API, with high-speed trading firms paying $60,000 to $100,000 a month for faster access to Trump’s public Truth Social posts.
Trump Media is pitching the feed to Wall Street, AI developers and news organizations as a new revenue stream after years of losses, including a $238 million net loss in the quarter ended June 30.
Democrats say the product lets Trump monetize the presidency because his stake in Trump Media is worth nearly $950 million; Elizabeth Warren has floated congressional scrutiny if Democrats retake the Senate.
A news organization and a free-speech nonprofit filed a legal challenge Wednesday, while some Republicans have also expressed unease over a service that could widen information advantages over retail investors.
Truth API arrives as Truth Social’s daily active users fell 40% in July from a year earlier, underscoring Trump Media’s push to find growth beyond its struggling core platform.