Trump Media & Technology Group, the parent company of the microblogging platform, announced Thursday plans to launch “Truth API,” a data feed that provides what it calls the “fastest” real-time access to posts “from the highest-ranking Truth Social accounts.”
While the company has not publicly disclosed details about the service—including cost and exact posting latency—its revenues stand to benefit the Trump family, with the President himself owning about 41% of the publicly traded Trump Media through a revocable trust.
But with Truth API, Wall Street trading firms and other institutions will have faster access to Truth Social posts, which could immediately influence how they trade and could maximize their profits.
“Markets already move on Truth Social posts,” Kevin McGurn, Trump Media’s interim CEO, said in a statement. “As adoption grows, we expect Truth API to become a meaningful, ongoing source of revenue for the company, creating lasting value for shareholders.”
‘Corrupt profiteering’
Some Democratic politicians, however, condemned Trump Media’s offering and have alleged that it could even be illegal.
While it debuted on the Nasdaq in March 2024, closing at $57.99 per share, Trump Media’s stock price has since tumbled into the single digits. Truth Social was Trump’s response to his then-Twitter lockout following the Jan. 6, 2021, Capitol riot, but the company has lost more than $1 billion in the past two years. Trump Media is now trying to increase its stock price by diversifying through other ventures like cryptocurrency and nuclear fusion.
Rep. Jason Crow (D, Colo.) posted that Trump is making more off “insider trading.”
Allegations of insider trading have proliferated under the second Trump Administration. Trump’s businesses—and his earnings—have also raised questions about potential conflicts of interest, including, most recently, his more than $1.4 billion in earnings from his family’s cryptocurrency ventures in 2025.
Trump has defended his family’s business dealings, including those of his kids.
“I tell my kids, stay away from as much as you can,” he told CNBC earlier this month. “But they also have a life. We were doing business long before I ever thought of—you knew me a long time before I thought of even running.”
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