All articles tagged with #truth api
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.
Two media groups allege Truth API monetizes access to Trump's Truth Social posts by charging up to $100,000 a month, claiming it violates the First and Fifth Amendments by funneling market-moving government information to paying subscribers; the suit notes Trump has issued thousands of posts since Jan 2025 and that Truth API now serves over 10 customers, with Trump Media defending the model as a common business practice.
U.S. stock futures edge higher after July’s CPI shows cooler inflation, lifting rate‑hike hopes while energy and airline prices rise and lettuce falls on a cyclospora scare; the S&P 500 snapped a losing streak ahead of the producer price index. In earnings, Cerebras posted weaker‑than‑expected Q2 revenue and fell after hours, while Cisco beat estimates; a Truth API lawsuit against Trump Media heightens investor concerns about data access. Democrats press Trump to disclose investment managers, and Lakers owner Mark Walter sold a majority stake to Joshua Kushner and Bob Iger, valuing the team at about $12.5 billion. The budget deficit rose to its highest level in more than half a decade.
A federal lawsuit filed in the Southern District of New York by The Intercept and the Freedom of the Press Foundation accuses Trump of profiting from paid, real-time access to presidential posts via Truth API, arguing it privatizes government information and violates the First and Fifth Amendments; Truth API charges $60,000–$100,000 per month for access to posts on Truth Social, with more than 10 subscribers reported as of Aug. 10, and the case seeks to block the service.
Trump Media & Technology Group’s paid Truth API, which gives financial firms early access to Trump’s Truth Social posts for up to $100,000 a month, is facing a Manhattan federal lawsuit arguing it breaches the First and Fifth Amendments by prioritizing private access to presidential information. The suit, led by the Freedom of the Press Foundation and The Intercept, claims the scheme could enable market manipulation and insider trading, and calls for the service to be halted and for exclusive posting rights to be barred, as Wall Street executives distance themselves from the venture and scrutiny of Trump’s stake grows.
The Intercept and the Freedom of the Press Foundation sue President Trump, Trump Media & Technology Group, and White House aides, alleging Truth Social’s Truth API monetizes official government announcements by offering paid, fast access to posts and archived content, potentially favoring paying high‑frequency traders and violating equal access and First/Fifth Amendment rights; they seek an injunction to stop exclusive posting and paid API access while Trump Media & Technology Group touts growing revenue and expansion plans.
Two groups—the Intercept and the Freedom of the Press Foundation—filed a federal lawsuit against Donald Trump and his Truth Social team, alleging that Truth API’s paid, real-time access to the president’s posts restricts information flow and violates the First and Fifth Amendments; subscribers reportedly pay between $60,000 and $100,000 per month for early access. Legal experts say there is no de minimis exception for restricting First Amendment rights, and the case raises questions about ownership of presidential statements and access to public information, with lawmakers urging regulators to review the arrangement.
A federal lawsuit in New York filed by The Intercept and the Freedom of the Press Foundation argues Truth Social's paid Truth API, which delivers Trump’s posts seconds before the public for up to $100,000 a month, creates an unfair, market-moving advantage and violates press freedom; Trump’s team contends the service targets businesses and is a legitimate data-feed tool.
Trump Media & Technology posted a $238 million loss in Q2 as it pivots back toward social media and expands into crypto and online betting under new CEO Kevin McGurn. It launched Truth API to sell early access to Truth Social posts to Wall Street traders for $60,000–$100,000 a month (10 customers) while continuing a nuclear-fusion venture with TAE Technologies; revenue rose 89% to $1.7 million, but the company carries about $1 billion in debt, with over $400 million in cash and roughly $1.2 billion in bitcoin.
Federal lawsuit filed by The Intercept and the Freedom of the Press Foundation accuses Donald Trump, aides and Trump Media & Technology Group of selling Truth API—a paid data feed that speeds access to posts from Trump and other officials for up to $100,000 a month—creating extraordinary insider access with potential market impact; plaintiffs seek to declare the arrangement unlawful and bar reliance on Truth Social as the exclusive channel for official announcements while selling privileged information.
A Manhattan federal lawsuit by The Intercept Media and the Freedom of the Press Association seeks to block Trump Media’s Truth API, which charges up to $100,000 per month for advance, “market-moving” access to Trump’s Truth Social posts and other top accounts. The plaintiffs allege the service violates the First and Fifth Amendments by letting wealthy subscribers obtain government information before the public, and they note Trump’s role as a major shareholder. Truth API already provides faster access to posts from the platform’s top accounts, with more than 10 customer agreements reported at roughly $60,000–$100,000 monthly, and plans for broader distribution involving news organizations and large language models. Defendants include Natalie Harp, Dan Scavino, the Executive Office of the President, and the White House Office.</tldr>,
Trump Media & Technology Group posted a $238 million net loss in Q2 2026 on revenue of $1.7 million, even as quarterly revenue rose 89% from a year earlier; losses were driven by $190.4 million of unrealised losses on digital assets and equity, plus accreted interest and stock-based compensation. For H1 2026, net losses totaled $644 million on $2.5 million in revenue. The company, which includes Truth Social and Truth+ and recently expanded into crypto, also market intelligence via Truth API, with about 10 paying clients at $60k-$100k per month, drawing conflicts of interest concerns as Truth Social lags peers in user numbers (July traffic down).
Donald Trump’s publicly traded media company is selling fast, premium access to his Truth Social posts through a service called Truth API, with prices up to $100,000 per month. The plan could let traders react to market-moving statements before the public, prompting ethical and securities concerns, especially since Trump holds a substantial stake via a revocable trust and the firm is pursuing other ventures like a merger with TAE Technologies while scaling back crypto bets.
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 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.