Trump Media's new paid data service goes live, giving clients faster access to Trump’s posts - CNBC
Trump Media and Technology Group has launched a paid 'Truth API' service, allowing clients to access real-time posts from Donald Trump and other high-profile accounts. The move has drawn scrutiny from Democratic lawmakers who have requested an SEC investigation into potential market manipulation.
Why it matters
The intersection of social media, political influence, and financial markets raises significant questions about regulatory oversight and fair access to information.
Trump Media and Technology Group 's new paid data service launched on Aug. 1, providing faster access to Truth Social posts from President Donald Trump and other top accounts on the platform.
"Truth API," the new application programming interface, is designed to give firms "a direct, licensed, real-time feed of the platform's most market-moving Truths," interim CEO Kevin McGurn said in a release announcing the launch.
While not explicitly naming Trump, the president's @realDonaldTrump account is the largest on Truth Social by far, often posting his most consequential policy decisions there first, including updates on the war with Iran.
As of Saturday, the account has 13 million followers.
Trump's family is also the largest shareholder in Trump Media, the public company that operates Truth Social.
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