High-Speed Truth API Subscriptions Drive New Revenue
The controversial data subscription, known as Truth API, launched on August 1, 2025, according to TMTG’s second-quarter financial report cited by E24 and BBC. According to McGurn, early subscribers pay between 60,000 and 100,000 dollars per month. Reuters reporting cited by German outlet Joyn notes that the feed provides early notice of contributions from the platform’s ten most influential accounts, including President Trump, Donald Trump Jr., Eric Trump, and prominent supporters.
Financial markets have repeatedly reacted to the president’s social media statements. As reported by Joyn, citing Reuters-insider details, a millisecond advantage can yield hundreds of thousands of dollars in profit during major transactions. For instance, major Wall Street indices climbed significantly on April 9, 2025, after a Truth Social post announced a 90-day suspension of several new tariffs.
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According to Reuters reporting cited by Joyn, the $100,000 monthly fee drops slightly for firms signing a three-year contract, reducing the monthly cost to 60,000 dollars.
Trump Media Reports Wider Quarterly Losses
Despite the introduction of the Truth API revenue stream, TMTG continues to run steep financial losses. The company reported a net loss of $238 million for the second quarter, marking a tenfold increase compared to the $20 million loss recorded in the same period the previous year, according to its quarterly filing. TMTG reported holding 2 billion dollars in assets at the end of the quarter.
A significant portion of the company’s past expenditures went toward legal fees. However, TMTG stated in its report that ongoing legal disputes are now “in essentially resolved,” leading the company to anticipate a substantial drop in legal expenses going forward. Meanwhile, TMTG stock has fallen over 74 percent since Donald Trump’s second-term presidential inauguration in January 2025, trading at 9,22 dollar by Tuesday afternoon, according to Infront data cited by E24.
Ethics and Corruption Criticisms From Lawmakers
The Truth API service has triggered sharp backlash from political figures and market watchdogs. Democratic Senator Elizabeth Warren criticized the feed during recent remarks covered by ABC News, vowing to launch a congressional investigation if Democrats secure control of Congress following the midterm elections. Warren stated that lawmakers would hold responsible parties accountable for what she termed “blatant corruption.”
Similarly, Senator Ron Wyden asserted that the subscription model financially benefits the Trump family while enriching Wall Street investors, according to Joyn. Donald Sherman, president of the nonpartisan watchdog group Citizens for Responsibility and Ethics in Washington, told Reuters that the plans are “deeply unethical,” though he noted that assessing illegality remains difficult under current public disclosures.
Industry figures have also voiced alarm. Irene Aldridge, head of Able Alpha Trading, told ABC News that if a corporate chief executive ran a publicly traded company in this manner, it would result in a prison sentence.
TMTG defended the platform in its quarterly report, dismissing the criticism as “factually inaccurate” and confirming that it continues onboarding new institutional subscribers.
Frequently Asked Questions
What is the Truth API?
Truth API is a paid data subscription launched by Trump Media & Technology Group on August 1, 2025, providing early access to posts from key accounts on Truth Social.
How much does the Truth API cost?
Subscribers pay between 60,000 and 100,000 dollars per month, depending on contract terms, according to TMTG acting CEO Kevin McGurn.
Why is the service controversial?
Critics, including Senator Elizabeth Warren and ethics watchdogs, argue that giving traders early access to market-moving presidential statements creates severe conflicts of interest and potential corruption.
Who owns Trump Media & Technology Group?
President Donald Trump is the majority owner of TMTG, with his investments managed by the Donald J. Trump Revocable Trust, which holds approximately 41 percent of the company’s shares.
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