Trump Media sells API access to Truth Social posts to Wall Street firms for up to $100,000 a month

Trump Media and Technology Group said on its first earnings call that it has signed more than ten agreements, primarily with high-frequency trading companies, to provide an application programming interface that streams President Donald Trump’s Truth Social posts milliseconds ahead of public release. The firms are reportedly paying between $60,000 and $100,000 per month for the service, which they say gives them a trading advantage.

"We recognized a modest amount of revenue from these agreements today," interim CEO Kevin McGurn said during the analyst call. "We believe this can grow into a meaningful, durable contributor."

McGurn added that the company is discussing similar access with news outlets and artificial-intelligence providers.

Democratic senators Elizabeth Warren and Adam Schiff have asked federal regulators to examine whether the arrangement complies with securities law, describing it as a potential abuse of the presidential office. In a letter to the Securities and Exchange Commission chair, they warned that early access for Wall Street firms could undermine confidence in market fairness.

Truth Social, launched in 2021 as a conservative alternative to mainstream platforms, reported 261,300 daily active users in July, a 40% year-over-year decline, according to data from Similarweb. By contrast, X (formerly Twitter) recorded about 123.5 million daily users in the same period. The platform generated $1.7 million in sales last quarter and posted a $238 million loss, far exceeding the $20 million loss reported a year earlier. The company has not yet posted a quarterly profit.