Trump Media & Technology Group is the parent company behind Truth Social, pivoting to a social-focused model amid heavy losses and strategic shifts.
California Governor Gavin Newsom has said federal agents have contacted friends, former staff and donors tied to him and his wife, Jennifer Siebel Newsom, and has accused President Donald Trump of ordering a politically motivated investigation as he considers a 2028 presidential run. Multiple outlets report the U.S. Attorney for the Eastern District of California has been handling separate inquiries that began with local whistleblower tips, including probes into the first partner’s taxes and former chief of staff Dana Williamson, who pleaded guilty to federal charges.
Trump Media & Technology has unveiled Truth API, a paid low‑latency feed that will deliver real‑time posts from the platform’s top 10 accounts from Aug. 1. Executives discussed charging institutional customers up to $100,000 a month (or $60,000 on three‑year deals). Lawmakers, regulators and market participants have warned it will let traders profit from presidential posts and raise conflict‑of‑interest and market‑manipulation concerns.
The Trump Truth Social service will provide early access to posts for Wall Street traders, raising questions about insider trading, market-moving information, and the fairness of rapid data feeds.
Truth API has launched a real-time data feed for Truth Social posts to institutional clients, enabling near-instant access for high-frequency traders. Several outlets report on its revenue ambitions, potential market impact, and regulatory scrutiny as investors watch how this service shapes trading dynamics.
Trump Media & Technology has posted a quarterly loss exceeding ten times last year’s figure while doubling down on Truth Social. The company plans a faster post service for traders and signals further shifts toward its social media mission despite heavy crypto-related losses.