Blab Business
Trump Media Launches Paid Data Feed for Wall Street Firms
On August 1, Trump Media & Technology Group (TMTG) will turn its political platform into a market‑data service, offering a paid feed called Truth API that delivers instant updates from key Truth Social accounts—including former President Donald Trump—to institutional clients.
Truth API is billed as a real‑time stream that pushes posts to subscribers in milliseconds, running 24/7. The company says the feed is designed for “high‑speed access” to content that can move markets. Trump’s own tweets have historically triggered rapid swings in global equity and currency markets, especially when he comments on trade or tariff policy.
TMTG has posted losses since its 2024 public debut. Its 2025 quarterly results showed a $605.5 million loss in Q4 and a $405.9 million loss in Q1 2026. The company’s market cap fell from $3.65 billion in December 2025 to roughly $2.47 billion in May 2026, while it reported $2.1 billion in cash and short‑term investments. The new data feed is intended to create a steady revenue stream for the company.
The announcement follows reports that some financial firms have been scraping Truth Social posts without permission. TMTG’s interim chief executive, Kevin McGurn, warned that the company would soon block such methods, forcing firms to purchase the official feed. McGurn said, “Markets already move on Truth Social posts,” and added that the service would generate a steady profit.
Because the Donald J. Trump Revocable Trust holds a majority stake in TMTG, the company’s move could also benefit the former president directly. The feed will include posts from the highest‑ranking accounts on the platform, and it is unclear whether Trump’s own posts will be part of the paid service. The BBC reached out to TMTG for comment on the inclusion of Trump’s posts but did not receive an immediate response.
Truth Social, launched in February 2022 as a “free‑speech” alternative to mainstream platforms, has struggled to grow its user base. As of early 2026, the platform ranked 24th in U.S. social‑media traffic according to SimilarWeb, and its monthly active users were estimated at 6.3 million. The platform’s volatility and the high profile of its users have made it a target for market‑moving content.
Other social‑media networks already sell data to institutional clients. The launch of Truth API highlights the growing overlap between Trump’s private businesses and his public role as president, raising questions about the potential influence of a former president’s statements on market dynamics.
TMTG’s next steps include the rollout of Truth API on August 1 and the company’s upcoming earnings report, scheduled for early September. Investors and market participants will be watching to see whether the new data feed can offset the company’s ongoing losses and whether it will alter the way institutional traders monitor social‑media signals.
The service’s launch also comes at a time when regulators are scrutinizing the role of social media in financial markets. While no regulatory action has been announced in relation to Truth API, the company’s move may prompt further discussion about data access and market transparency.
In summary, TMTG is set to begin charging Wall Street firms for real‑time access to Truth Social posts, a move that could provide a new revenue stream for the loss‑making company and potentially give former President Trump a direct financial stake in the speed of his own statements. The market will be watching the feed’s performance and the company’s financial results in the coming months.
Truth API is billed as a real‑time stream that pushes posts to subscribers in milliseconds, running 24/7. The company says the feed is designed for “high‑speed access” to content that can move markets. Trump’s own tweets have historically triggered rapid swings in global equity and currency markets, especially when he comments on trade or tariff policy.
TMTG has posted losses since its 2024 public debut. Its 2025 quarterly results showed a $605.5 million loss in Q4 and a $405.9 million loss in Q1 2026. The company’s market cap fell from $3.65 billion in December 2025 to roughly $2.47 billion in May 2026, while it reported $2.1 billion in cash and short‑term investments. The new data feed is intended to create a steady revenue stream for the company.
The announcement follows reports that some financial firms have been scraping Truth Social posts without permission. TMTG’s interim chief executive, Kevin McGurn, warned that the company would soon block such methods, forcing firms to purchase the official feed. McGurn said, “Markets already move on Truth Social posts,” and added that the service would generate a steady profit.
Because the Donald J. Trump Revocable Trust holds a majority stake in TMTG, the company’s move could also benefit the former president directly. The feed will include posts from the highest‑ranking accounts on the platform, and it is unclear whether Trump’s own posts will be part of the paid service. The BBC reached out to TMTG for comment on the inclusion of Trump’s posts but did not receive an immediate response.
Truth Social, launched in February 2022 as a “free‑speech” alternative to mainstream platforms, has struggled to grow its user base. As of early 2026, the platform ranked 24th in U.S. social‑media traffic according to SimilarWeb, and its monthly active users were estimated at 6.3 million. The platform’s volatility and the high profile of its users have made it a target for market‑moving content.
Other social‑media networks already sell data to institutional clients. The launch of Truth API highlights the growing overlap between Trump’s private businesses and his public role as president, raising questions about the potential influence of a former president’s statements on market dynamics.
TMTG’s next steps include the rollout of Truth API on August 1 and the company’s upcoming earnings report, scheduled for early September. Investors and market participants will be watching to see whether the new data feed can offset the company’s ongoing losses and whether it will alter the way institutional traders monitor social‑media signals.
The service’s launch also comes at a time when regulators are scrutinizing the role of social media in financial markets. While no regulatory action has been announced in relation to Truth API, the company’s move may prompt further discussion about data access and market transparency.
In summary, TMTG is set to begin charging Wall Street firms for real‑time access to Truth Social posts, a move that could provide a new revenue stream for the loss‑making company and potentially give former President Trump a direct financial stake in the speed of his own statements. The market will be watching the feed’s performance and the company’s financial results in the coming months.
