Key facts
- Truth API provides real-time, machine-readable access to posts from top Truth Social accounts.
- The service aims to give trading firms a speed advantage of milliseconds.
- Customers are expected to be high-frequency and algorithmic trading firms.
- The company has not disclosed specific customers or pricing, but reports suggest monthly fees could be up to $100,000.
- The service has faced criticism from some supporters and politicians.
Trump Media & Technology Group has launched Truth API, a new paid service that provides subscribers with rapid, machine-readable access to posts from the platform's most prominent accounts, including that of Donald Trump. The service, which went live on Saturday, aims to deliver updates in milliseconds, offering a potential speed advantage to high-frequency and algorithmic trading firms that execute automated trades.
An application programming interface (API) allows computer systems to communicate directly, enabling paying customers to integrate Truth Social's data flow into their trading tools without the delay of loading web pages. While Trump's posts have historically influenced markets on topics like Iran and tariffs, analysts note this impact has become less frequent. The service's launch coincided with a Trump post about a potential deal to end the war with Iran, followed by a sharp fall in crude oil prices when markets reopened.
Trump Media has not specified which accounts are included in the "highest-ranking" category beyond Trump's, though other popular accounts like the White House and Robert F. Kennedy Jr. are mentioned. The company stated that the service is designed for organizations sensitive to information delays and has secured customers prior to launch. Pricing details have not been officially released, but reports suggest monthly fees could range from $60,000 to $100,000. Donald Trump, who owns approximately 41% of Trump Media, stands to benefit from this new revenue stream.
The introduction of Truth API has generated controversy, with some Trump supporters, like Sequoia Capital partner Shaun Maguire, expressing concern that it could diminish the perceived value of Trump's policy statements. Democratic senators Elizabeth Warren and Adam Schiff have also criticized the service, calling it an "outrageous abuse of the President's office." Hedge fund partner Vuk Vuković has publicly questioned the reliability of Trump's posts as market signals, suggesting the API is "selling you noise."