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Raskin Probes Trump Media’s Truth API Ahead of August Launch
Raskin says the paid feed could let hedge funds and high-frequency traders act on Trump posts before retail investors.
- Truth Social launched a paid service dubbed Truth API on Saturday, providing Wall Street traders with early access to President Donald Trump's social media posts before public release.
- Trump Media reported $3.7 million in revenue last year while stock plunged 75% since Trump took office, prompting the company to monetize his market-moving posts.
- Joe Saluzzi, co-founder of Themis Trading, estimates about 100 high-frequency firms may purchase the feed. Irene Aldridge of Able Alpha Trading criticized it, stating, "If this was the CEO a public company, this would be jail time."
- Massachusetts Senator Elizabeth Warren vowed Friday that a Democratic-controlled Congress would launch investigations, calling the service "open corruption," while Trump Media blasted critics for mischaracterizing the API as "ideological opposition to free markets."
- Analysts predict Trump will increasingly use Truth Social for major policy announcements to drive site traffic, following recent posts threatening tariffs on Canada, widening the Iran war, and ending nuclear deals with Saudi Arabia.
Insights by Ground AI
109 Articles
109 Articles
On Truth Social Donald Trump spreads a lot of nonsense, but also announcements relevant to the exchange. He can now pay for the faster access to his posts – and this is princely.
·Hamburg, Germany
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Truth API is "a scandalous abuse of the presidential office for personal benefit," Senators said. Other voices point out that Trump sells a "significant advantage from the very heart of the federal government for about $100,000 a month."
·Caracas, Venezuela (Bolivarian Republic of)
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The Trump Media company, which operates Truth Social, refers to posts that "shut the markets the most," and a Democratic sector calls it "scandalous abuse" for the president's personal benefit.
·Madrid, Spain
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Total News Sources109
Leaning Left28Leaning Right9Center51Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 32%
C 58%
Factuality
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