TruthAPI News & Analysis
2 articles
Market Mood
Trump Media Reports Growth in Truth API Customers to Mid-Teens
Trump Media interim CEO Kevin McGurn announced an increase in customers signing up for the Truth API service, which costs up to $100,000 per month. McGurn stated that they are now in the mid-teens with customer agreements, up from over 10 just two weeks prior. The Truth API service launched on August 1. This growth could signal increased revenue potential for Trump Media, making it an important development for stakeholders in tech and media sectors.
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Trump Media's Truth API Charges $100K Monthly for Access
Donald Trump has been sued by The Intercept Media and the Freedom of the Press Association to block his new Truth API service, which charges $100,000 per month for advance notifications of his posts on Truth Social. The lawsuit argues this scheme violates constitutional amendments by giving paying subscribers preferential access to public announcements. Trump Media CEO Kevin McGurn stated the company has signed over 10 customer agreements for Truth API, with payments ranging from $60,000 to $100,000 per month. This development could significantly affect market behavior related to Trump's public statements, making it important for investors to monitor the situation closely.
Read More: Trump Media's Truth API Charges $100K Monthly for Access