Trump Media & Technology Group (TMTG) announced plans to launch a paid data feed called 'Truth API' aimed at banks and trading firms. This service will provide faster access to posts from influential accounts on the Truth Social platform, including that of former President Donald Trump, whose statements have historically impacted global markets. The company stated that this initiative is designed for organizations that are 'most impacted by the cost of a delay in information,' particularly algorithmic trading firms, according to a spokesperson cited by Reuters.
Key Details
The Truth API will deliver posts from the ten most influential accounts at a quicker rate than standard notifications available to non-paying users. TMTG's interim CEO, Kevin McGurn, noted,
Markets already move on Truth Social posts … As adoption grows, we expect Truth API to become a meaningful, ongoing source of revenue for the company.
This product marks TMTG's first step into data licensing, creating a new revenue stream amid competition from larger social media platforms like Meta and X.
Background
Historically, Trump's announcements on Truth Social have led to significant market movements. For instance, on April 9, 2025, major Wall Street indices surged after he announced a pause on new tariffs via the platform. The company aims to capitalize on this trend by providing timely information to traders and financial institutions, who have previously relied on manual monitoring of posts.
The launch of the Truth API could influence trading strategies among firms that rely on rapid information dissemination, particularly in sectors sensitive to political announcements. Investors will watch for how quickly and effectively the service is adopted by trading firms and its potential impact on market volatility in response to Trump's posts.