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Trump Media & Technology Group has introduced a paid data feed called “Truth API” that provides banks and trading companies with rapid access to posts from key Truth Social accounts, including President Donald Trump’s, whose messages often influence global markets.
This API delivers updates from the top 10 most impactful accounts faster than standard notifications on Truth Social. It is tailored for organizations where quick information is essential, such as algorithmic trading firms, helping to bridge the gap caused by manual monitoring methods previously used.
This marks TMTG’s initial foray into data licensing, creating a new revenue stream amid intense competition from large social media platforms, which has hindered their media sector’s growth.
Kevin McGurn, TMTG’s interim CEO, stated, “Markets already react to Truth Social posts. With increased adoption, we anticipate Truth API to become a significant, ongoing income source for us.”
Trump has used Truth Social to make numerous market-influencing announcements, such as his “Liberation Day” tariffs and trade restrictions on China. On April 9, 2025, U.S. stock indexes surged after Trump posted that he would temporarily halt some new tariffs.
Expert Mark Spiegel from Stanphyl Capital noted, “The only market-moving user on Truth Social is Trump himself. His posts have a clear impact on the markets.” When asked if this could give wealthier traders an edge, Spiegel responded, “Unequal trading opportunities always exist, and this is just another example.”
The Donald J. Trump Revocable Trust, managed by his children, owns about 41% of Truth Social’s parent company, TMTG, with approximately 114.75 million shares. The White House has not responded immediately to inquiries, though a spokesperson previously denied conflicts of interest.
Legal analyst Robert Frenchman pointed out that, while disclosure on such platforms must be handled carefully, offering early access to information might be permissible under securities laws, even if it disadvantages some market participants. TMTG has yet to comment on whether this could lead to uneven trading advantages.
Senator Ron Wyden criticized the initiative, claiming it would financially benefit Trump’s family and enrich traders on Wall Street. The White House redirected questions to TMTG, which has not yet responded.
The product ensures continuous monitoring of influential posts and maintains an archive dating back to 2022. Several clients have already registered ahead of its August 1 rollout.
Prominent accounts include Trump, his sons Donald Jr. and Eric, and supporters like Dan Bongino and Sean Hannity. TMTG has also noted that many entities have been scraping data from Truth Social illegally, and CEO McGurn indicated they plan to make it more difficult for unauthorized users.
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