Svmuu News Donald Trump Media and Technology Group has announced the launch of its paid data product, Truth API, which is scheduled to go live on August 1. The service will provide institutions such as banks and algorithmic trading firms with real-time post updates from the 10 most influential accounts on Truth Social, including Donald Trump himself.
TMTG stated that the service will deliver information significantly faster than standard push notifications and provide 24/7 coverage along with an archive of historical posts dating back to 2022; some clients have already signed up.The company said this move marks its first foray into the data licensing sector and aims to monetize the market influence of Donald Trump’s posts.
U.S. Senator Ron Wyden criticized the product, arguing that it could benefit the Donald Trump family and give Wall Street traders an unfair advantage. Legal experts, however, noted that the prioritized distribution of information by tech platforms does not, in and of itself, violate federal securities laws.