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Trump Media launches $100k Truth API, sparks conflict concerns

7/18/2026

41 9 Full Breakdown

Summary

Story summary

Trump Media & Technology Group launched the Truth API on August 1, 2026, giving Wall Street millisecond access to President Donald Trump’s posts, pricing it up to $100,000 per month.
The Trump Revocable Trust’s 41% stake and 53% indirect ownership prompted ethics experts and Democratic lawmakers to call it a conflict of interest.
After a $405 million loss and a stock drop of over 70%, TMTG expects the API to generate recurring revenue.

History

Historical Context

Until the late 1950s brokers waited 15–30 minutes for price quotes transmitted by telegraph. The first electronic quotation board appeared in 1929, and by 1964 more than 650 brokerages used such displays, paving the way for real-time data vendors like Bloomberg, which now dominate market-data distribution. That legacy underlies today’s subscription-based Truth API that streams Trump posts to investors.

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Story summary

Trump Media & Technology Group launched the Truth API on August 1, 2026, giving Wall Street millisecond access to President Donald Trump’s posts, pricing it up to $100,000 per month.
The Trump Revocable Trust’s 41% stake and 53% indirect ownership prompted ethics experts and Democratic lawmakers to call it a conflict of interest.
After a $405 million loss and a stock drop of over 70%, TMTG expects the API to generate recurring revenue.

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