Truth Social Is Selling Instant Access to Trump’s Posts to Banks and Traders
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President Donald Trump’s media company is launching a new product that will allow banks and financial traders to access Truth Social’s data at the “fastest” speed for a fee, giving them exclusive real-time access to posts that may affect the markets, as Trump’s posts frequently do.
The product is known as “Truth API,” and Trump Media & Technology Group, which runs Truth Social plans to leverage it into a “meaningful source of revenue for the company,” said interim CEO Kevin McGurn.
“Markets already move on Truth Social posts,” McGurn said. He also added that the company hopes to “create a lot of friction” for firms that have already been scraping Truth Social data, which the company says is against its terms of service.
The new product comes as the Trump administration faces scrutiny over potential insider trading, spurring the White House to send a warning to staff discouraging them from making bets related to the U.S. and Israel’s war on Iran on prediction markets. This followed reports of unusual activity surrounding bets before the start of the war, which came unannounced, during which traders placed over $500 million in bets on the war starting as well as $950 million in bets on oil prices.
Trump himself is also under scrutiny for questionable trading activity. In an analysis published Thursday, CNN documented over 20 times in which Trump promoted companies just days after buying stock in them. Breaking from prior presidencies, Trump’s assets aren’t in a blind........
