All articles tagged with #trump media
Trump Media interim CEO Kevin McGurn defended faster access to President Trump’s Truth Social posts via Truth API, noting demand from buyers has pushed uptake into the mid-teens and that more customers have signed up since the service went live on Aug. 1 at up to $100,000 per month. Critics say the API could let firms trade on market-moving information before the public. Trump is a top shareholder in TMTG through a revocable trust.
A federal lawsuit filed in New York accuses Donald Trump of profiting from a paid Truth API that grants six hours of exclusive early access to his Truth Social posts, arguing this violates the First Amendment (equal access to presidential remarks) and the Fifth Amendment (unreasonable government benefit restrictions). The suit seeks to halt the paid service and exclusive access deal; Trump Media says such fast-access practices are common in the industry. Plaintiffs include the Freedom of the Press Foundation and The Intercept, and the defendants include Trump’s aides; the case comes as Trump Media faces ongoing financial strain.
Trump Media says Wall Street firms have signed more than 10 deals to access Truth Social posts in real time through an API, with fees around $60,000–$100,000 per month. The data feed, aimed at giving high-frequency traders milliseconds of edge, could become a meaningful revenue driver as the company seeks to expand API access to news outfits and AI firms. Regulators, led by Elizabeth Warren and Adam Schiff, have urged SEC scrutiny over whether the arrangement is legal, while Truth Social remains a small, loss-making platform with modest traffic compared to rivals like X.
Trump Media & Technology Group posted a $238 million loss in the June quarter as it abandons several new ventures (online betting and crypto) to refocus on Truth Social. New CEO Kevin McGurn said the company will prioritize its social platform, while launching Truth API to sell real-time data access to traders for $60,000–$100,000 per month, with about 10 customers and potential $7–12 million in yearly revenue. Much of the quarter’s losses came from unrealized crypto drops (Bitcoin and Cronos); excluding those items, operating losses were $164 million. Revenue was $1.7 million for the quarter. The company carries about $1 billion in debt but has over $400 million in cash and $1.2 billion in bitcoin assets, and it still aims to merge with fusion firm TAE Technologies for long-term value. Political scrutiny over the business remains a risk, with Democrats signaling investigations if they gain Congress.
Trump Media, Crypto.com and Yorkville Acquisition Corp. have scrapped their planned CRO-treasury venture tied to Crypto.com’s Cronos blockchain and halted a related services deal, citing changing market conditions and shifting priorities. Yorkville’s Truth Social ETFs will continue. The partners also scale back plans to embed Crypto.com’s prediction markets in Truth Social, instead pursuing a marketing agreement to promote those products. The moves fit a broader strategy simplification under McGurn to monetize Truth Social’s data and expand the API business, with a potential merger with TAE still on the horizon for year-end.
Trump Media launched Truth API to give institutional and high-frequency traders near-instant access to posts from top Truth Social accounts, potentially charging up to $100,000 a month. The service aims to monetize fast social data, but it raises legal and ethical questions about insider information, while the SEC has been urged to review the matter and Trump Media defends that information may be public. The controversy also centers on the president's family stake in the company and whether public statements could be exploited for profit.
Trump Media's Truth API provides real-time, paid access to Truth Social posts for institutional clients, delivering near-instant trading signals and fueling concerns about conflicts of interest since Trump is a dominant shareholder; Democrats are probing potential insider-trading risks and proposing bans, even as Trump’s company markets latency advantage rather than new content.
Trump Media launched Truth API to give institutional buyers faster access to posts from prominent Truth Social accounts, including Donald Trump, with Reuters noting potential pricing up to $100,000 per month. The move has sparked debate among finance figures and commentators who warn it could enable market-moving signals and raise insider-trading concerns, while others view it as a provocative test of information access in markets.
Trump Media launched Truth API, a real-time B2B data feed giving institutional clients access to Truth Social posts (including Trump’s) to gauge market movements; pricing is undisclosed with reports suggesting up to $100,000 per month, prompting debate on market impact and potential legal/ethical issues.
Trump Media and Technology Group rolled out Truth API, a paid data service that provides direct, licensed real-time access to Truth Social posts from Trump and other top accounts for firms as market-moving insights; the launch drew scrutiny from Senators Schiff and Warren, who asked the SEC to investigate potential law violations, while the SEC declined to comment.
High-frequency trading firms are reportedly paying up to $100,000 per month for a low-latency API feed of Truth Social posts from Trump Media, arguing that nanoseconds can mean big profits across markets; opting out is seen as falling behind. Lawmakers warn the arrangement could raise emoluments and market-structure concerns, while Trump Media contends posts are public and fees cover delivery infrastructure rather than exclusive content.
Trump Media is launching a paid API that gives institutional clients licensed, real-time access to posts from Trump and other top Truth Social accounts, with an Aug. 1 rollout and early signups; the move mirrors industry practice of low-latency social feeds used by Wall Street, but draws ethics concerns since the president’s family is Truth Social’s largest shareholder and the platform has become a de facto presidential press room.
Business Insider reports that Donald Trump logged about 21,285 stock trades in 2025—roughly 85 trades a day—with an equity portfolio that would have returned about 37.3% since his inauguration, beating the S&P 500’s 23.5%. The gains come from a mix of large megacap stocks, a massive stake in Trump Media, and sizable crypto income; experts warn that a president actively trading and promoting specific stocks creates significant conflicts of interest.
A Florida federal judge dismissed Trump Media and Technology Group’s $3.8 billion defamation lawsuit against The Washington Post at the summary-judgment stage, ruling that Trump Media failed to show the Post published the allegedly defamatory statements with actual malice. The Post’s reporter conducted thorough investigation, a full opinion will follow, and the company has signaled it may appeal after a May correction to the story.
Trump Media and Technology Group reported more than $405 million in first-quarter net losses on just over $871,000 in net sales, attributing the red ink to unrealized losses on digital assets, pledged assets, accreted interest and stock-based compensation; the company pointed to $2.2 billion in total assets and a fourth consecutive quarter of positive operating cash flow. It has replaced its CEO, is pursuing a more than $6 billion all-stock merger with fusion-energy firm TAE Technologies, plans to offer prediction markets on Truth Social, and is considering spinning off Truth Social as the stock trades around $9.