2 months ago
- Trump Media launched Truth API, a paid data service offering early access to Truth Social posts, including Trump's, for up to $100,000 per month.
- The service is seen as potentially benefiting Trump personally, as he is the largest shareholder and most influential user of the platform.
- Critics and Democratic senators argue it facilitates market manipulation and insider trading, urging SEC investigation.
- Trump's posts on Truth Social, including those on tariffs and Iran, have previously moved financial markets.
- Trump Media's stock has fallen over 70% since Trump took office, losing billions in shareholder value, while the new API could diversify revenue.