Trump Media will sell Wall Street ‘the fastest’ access to Trump’s market-moving Truth Social posts in pay-to-win model Trump Media & Technology Group (NYSE:DJT), the company behind Truth Social, is rolling out a new paid service that gives Wall Street firms faster access to…
sts that could move the markets. Beginning Aug. 1, the new “Truth API” (1) service will deliver instant updates from “highest-ranking” accounts
The company, which remains unprofitable, says the offering is designed to create a recurring revenue stream. Must Read “Markets already move on Truth Social posts,” Kevin McGurn, interim chief executive officer of TMTG, said in a news release (2). “As adoption grows, we expect Truth API to become a meaningful, ongoing source of revenue for the company, creating lasting value for shareholders.” The service appears to be aimed at traders and investment firms that need information as quickly as possible. President Donald Trump often uses Truth Social to announce new tariffs, comment on the Federal Reserve and share other policy decisions, with many of those posts causing stocks, oil prices and other markets to move.
A new subscription While Trump has nearly 13 million followers (3) on Truth Social, the platform itself has an estimated 6.3 million (4) monthly active users, far fewer than larger social media rivals. Still, according to Pew Research (5), about 55% of Truth Social users say they regularly get news on the platform. Trump owns about 41% of Trump Media (6) through a revocable trust managed by his children.