Trump Media launches Truth Social post access service for traders

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Trump Media launches Truth Social API

Highlights

Trump Media launched a real-time API providing licensed access to posts from top Truth Social accounts, targeting traders and market participants.
Trump Media's release did not mention President Donald Trump, whose @realDonaldTrump account has 12.9 million followers and frequently posts market-moving information first.
Trump Media's public ownership and sale of premium post access sparked ethics concerns, as DJT shares have fallen 84% since listing on Nasdaq March 26, 2024.

Real-time data product targets market users

As reported by CNBC, Trump Media said Thursday that the new API will provide customers with "licensed, real-time access" to posts from the highest-ranking Truth Social accounts. The company said the service is aimed at users seeking faster access to information that can move financial markets.

Trump Media did not mention President Donald Trump in its release announcing the API, but interim Chief Executive Officer Kevin McGurn said "markets already move on Truth Social posts." The president's @realDonaldTrump account is the largest on the platform, with 12.9 million followers on Thursday morning, and he regularly posts official communications there before they appear elsewhere.

Wall Street firms already use similar feeds from other social media networks to gain a speed advantage on market-sensitive information. Hedge funds and other trading firms use low-latency services to monitor posts that may affect stocks, tariffs, geopolitics and other fast-moving sectors.

Ownership ties and ethics concerns draw attention

Trump's family is the largest shareholder in Trump Media & Technology Group, the publicly traded company that operates Truth Social. That ownership link is drawing scrutiny because the platform has become a key channel for presidential communications while also selling premium access to its content flow.

Virginia Canter, an ethics attorney with Democracy Defenders Fund, said the arrangement creates a conflict of interest because the president has a duty to communicate public information broadly while holding an indirect financial interest in the platform. She said Truth Social has become the de facto presidential press room, a distinction that sets it apart from other social networks offering paid APIs.

Truth Social launched in 2021 after X and Facebook banned Trump's accounts following the Jan. 6, 2021 Capitol riot, though both later reinstated him. Trump Media has traded on Nasdaq under the ticker DJT since March 26, 2024, and its shares are down 84% since then through Thursday morning.

In our earlier report on the Kazakhstan tungsten mining project backed by U.S. funding, we examined how a $1.6 billion commitment to support Kaz Resources LLC drew scrutiny over the Trump family’s investment ties and President Donald Trump’s role in securing the concession. The piece highlighted concerns that strategic national-security policy could become entangled with private financial interests, intensifying debate over where the line should be drawn between state action and personal gain.

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