President Donald Trump’s social media firm has mentioned charging Wall Street merchants and funding companies as a lot as $100,000 for early access to the president’s Truth Social posts and people of different influential figures, in accordance to multiple outlets.
Trump Media & Expertise Group, the mother or father firm of Truth Social, plans to supply the service by means of its new Truth API, or software programming interface. The corporate has additionally pitched a reduced plan costing $60,000 per month for companies that commit to a three-year contract, Reuters reported.
APIs are information feeds that present speedy, safe access to data and are extensively utilized by companies and buyers. Each retail and institutional merchants depend on APIs for real-time monetary and financial information to inform buying and selling choices.
Main social media platforms, together with Instagram, Fb, and X, supply APIs. Truth Social, nevertheless, occupies a novel place as a result of Trump steadily makes use of the platform to announce coverage choices that may transfer monetary markets, starting from tariff bulletins to the Iran warfare.
“Markets already transfer on Truth Social posts,” TMTG interim CEO Kevin McGurn mentioned in a press release. “Truth API delivers a direct, licensed, real-time feed of the platform’s most market-moving Truths whereas advancing our technique to monetize proprietary belongings by means of a high-margin, recurring income stream.”
“As adoption grows, we anticipate Truth API to turn out to be a significant, ongoing income for the corporate, creating lasting worth for shareholders,” he added.
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The brand new service might present one other avenue by means of which Trump advantages financially from an organization intently tied to his presidency.
Trump not directly owns about 53% of TMTG by means of shares he transferred to a belief in December 2024, one month earlier than taking workplace.
Earlier this month, Trump disclosed incomes greater than $1 billion throughout his first yr again in workplace, together with more than $1 billion tied to World Liberty Monetary, the cryptocurrency firm backed by his household.
