Updated
Updated · CBS New York · Jul 16
Trump Media Launches Aug. 1 Paid API for Trump's 12.9 Million-Follower Truth Social Posts
Updated
Updated · CBS New York · Jul 16

Trump Media Launches Aug. 1 Paid API for Trump's 12.9 Million-Follower Truth Social Posts

3 articles · Updated · CBS New York · Jul 16

Summary

  • Aug. 1 is the launch date for Trump Media’s paid API, which will give institutional customers licensed, real-time access to Truth Social posts from Donald Trump and other major accounts.
  • 12.9 million followers make Trump’s Truth Social account the platform’s biggest, and he often posts official decisions there first—on Iran, tariffs and immigration—while some of those messages never appear on X.
  • Wall Street firms use low-latency social-media feeds to trade on market-moving information, and Trump Media said it has already signed some institutional customers for the service.
  • 42% of Trump Media is tied to roughly 114 million shares issued to Trump, now held in a revocable trust for Donald Trump Jr., prompting ethics critics to call the new product a conflict of interest.
  • $406 million was Trump Media’s first-quarter net loss, underscoring how the company is trying to monetize Truth Social as its stock remains down 84% since its 2024 Nasdaq debut.

Insights

Does monetizing the President's statements create an unfair information advantage for Wall Street's high-speed traders?
Can selling access to presidential posts rescue a company whose stock has plummeted 84% since its public offering?
As TMTG licenses data for AI, what major copyright liabilities could its new customers face?