Trump Media & Technology Group announced Thursday that it will offer a paid service providing high-speed access to the former president’s social media updates. By leveraging an API, the company intends to monetize posts that frequently influence global headlines and financial markets.
This new service, titled Truth API, is scheduled for launch on August 1. It is designed to assist financial news outlets and traders who depend on near-instant information to maintain a competitive edge. Interim CEO Kevin McGurn noted that markets already react to posts on the platform, and this service will replace the slower manual monitoring processes currently used by many organizations.
Donald Trump established Truth Social following his suspension from Twitter, now rebranded as X, in the aftermath of the January 6 Capitol riot. The decision to sell premium access to his communications has sparked concerns regarding the commercialization of his political influence. This move coincides with other financial ventures, as recent filings show the former president generated over $1.2 billion through family cryptocurrency initiatives last year.