Truth API: Trump Media Launches Premium Data Feed for Banks and Trading Firms
The new paid service will provide financial institutions with faster access to influential Truth Social posts as the company expands into data licensing.
Trump Media introduces Truth API for financial firms seeking faster access to Truth Social posts.
WASHINGTON: Truth API became the latest offering from Trump Media and Technology Group (TMTG) on Thursday as the company launched a premium licensed data feed that gives banks, hedge funds and trading firms faster access to influential posts on Truth Social, including updates from US President Donald Trump.
TMTG said the new service will deliver posts from the platform’s 10 most influential accounts significantly faster than standard Truth Social notifications. The company designed the product for organisations that depend on rapid access to market-moving information, particularly algorithmic trading firms and financial institutions.
The launch marks TMTG’s first entry into the data licensing business and opens a new source of revenue as the company seeks to expand beyond its social media platform in an increasingly competitive market.
Interim Chief Executive Officer Kevin McGurn said financial markets already react to posts on Truth Social and expressed confidence that the new service would generate recurring revenue as customer adoption increases.
Donald Trump’s posts on Truth Social have repeatedly influenced global financial markets. His announcements on tariffs, trade policy and economic measures have prompted sharp movements in stock prices and investor sentiment.
On April 9, 2025, US stock markets rallied after Trump announced on Truth Social that he would pause many of his newly introduced tariffs for 90 days, triggering a strong rebound on Wall Street.
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Mark Spiegel, managing member and portfolio manager at Stanphyl Capital Partners, said Trump remains the platform’s primary market-moving voice. He added that the president’s posts frequently influence financial markets and acknowledged that unequal access to information already exists in financial trading.
Regulatory filings show that The Donald J. Trump Revocable Trust owns approximately 114.75 million shares, representing about 41 per cent of TMTG’s outstanding stock. The trust manages Trump’s investments under the supervision of his children.
The White House did not immediately respond to requests for comment on the new service. However, officials have previously rejected allegations of conflicts of interest involving Trump’s business interests.
Robert Frenchman, a partner at New York-based Dynamis law firm, said technology companies can legally provide premium clients with faster access to information without violating US federal securities laws, even if the arrangement creates advantages for some market participants.
TMTG also declined to comment on whether the service could create unequal trading opportunities for firms that can afford premium access.
Senator Ron Wyden, the senior Democrat on the Senate Finance Committee, criticised the initiative. He argued that the service could financially benefit the Trump family while giving Wall Street traders an advantage.
The White House referred questions about Wyden’s criticism to TMTG, which did not immediately issue a response.
The company said Truth API will provide 24-hour coverage of influential accounts and include an archive of posts dating back to 2022. TMTG added that it has already signed several customers ahead of the product’s August 1 launch.
Among the platform’s most-followed accounts are Donald Trump, Donald Trump Jr., Eric Trump, Dan Bongino and Sean Hannity.
TMTG also said some firms have scraped Truth Social data for months without authorisation. The company pledged to strengthen enforcement against unauthorised data collection and encourage customers to purchase official access through Truth API.
