Trump Media Launches Paid API Amid Calls for SEC Investigation
WHO:
CNBC - Trump Media and Technology Group, interim CEO Kevin McGurn, Democratic senators Adam Schiff and Elizabeth Warren, SEC chair Paul Atkins.
The Guardian - Donald Trump, who is the largest shareholder of Trump Media and Technology Group.
WHAT:
CNBC - Trump Media launched a new paid data service called Truth API, providing a "direct, licensed, real-time feed of the platform's most market-moving Truths."
The Guardian - The Truth API service allows paying customers to access Truth Social posts from Trump and other high-profile accounts for a fee of up to $100,000 per month.
The Guardian - Trump's @realDonaldTrump account had 13 million followers as of the service launch.
The Guardian - Trump Media's stock has fallen by more than 70% since Trump took office, resulting in a loss of roughly $6 billion in shareholder value.
WHERE:
CNBC - The service is associated with Truth Social, a social media platform.
WHEN:
CNBC - The Truth API service launched on August 1.
The Guardian - A letter from Democratic senators to the SEC was dated Tuesday, prior to the launch of the Truth API.
WHY:
The Guardian - Critics argue the service represents market manipulation and insider trading, benefiting Trump personally as he could profit from the service.
The Guardian - The launch follows concerns about Trump's economic agenda potentially triggering a "Trumpcession" in the US.
HOW:
CNBC - The Truth API provides faster access to posts for trading firms and other paying subscribers compared to regular users.
(UPDATED August 1, 2026 19:23 UTC)
Trump Media and Technology Group has launched a new paid data service called Truth API, which offers a real-time feed of market-moving posts from Truth Social, including content from Trump himself. Customers can subscribe for fees that may reach up to $100,000 per month, allowing them quicker access to posts than regular users, while Trump's account boasts 13 million followers. However, the service has drawn criticism for potentially representing market manipulation and insider trading, especially as Trump's media company's stock has plummeted by over 70% since he took office, resulting in a significant loss of shareholder value.