Trump Media disclosed that more than 10 clients have signed up for the Truth API service, a new offering that delivers key Truth Social posts to traders ahead of the market, with fees ranging from $60,000 to $100,000 per month. Acting CEO Kevin McGurn said most of the initial clients are high-frequency trading firms. The service aims to generate new revenue amid ongoing losses; in the second quarter, the company posted a loss of $238 million on revenue of just $1.7 million, while total assets at quarter-end stood at approximately $2 billion, mostly in financial assets. The launch of Truth API comes amid ethical questions, as the Trump family remains the majority shareholder and the president's messages could impact financial markets.
Trump Media & Technology Group Corp.Truth API launch with 10+ clients paying up to $100k/month signals new revenue stream.
