Trump Media Technology Group

Two media organizations have sued Donald Trump and parent company Trump Media & Technology (TMTG). They allege that the paid fast access to Truth Social posts gives paying customers preferential access to official government information and is therefore unconstitutional. TMTG markets the product as a B2B data feed that delivers posts in milliseconds; customers are said to be mainly firms engaged in ultra-fast stock trading, paying up to $60,000–$100,000 per month. The plaintiffs call the model corrupt and quantify their harm from delayed access. » Mere på finanzen.net

Trump Media & Technology Group has signed more than 10 customers for its Truth API, selling millisecond‑faster access to Truth Social posts for typically $60,000–$100,000 a month, mainly to high‑frequency trading firms. Management says the service will be marketed to cloud, AI and news companies and eventually retail investors, and sees it as a potential revenue driver. The move has drawn ethical and legal scrutiny from experts and lawmakers over whether paying for faster access to a president's public statements could distort markets. The company reported second‑quarter revenue of $1.67 million but widened losses to $238 million, driven by crypto writedowns. » Mere på cbsnews.com

More than ten customers are paying between $60,000 and $100,000 per month for real‑time API access to Trump’s posts on Truth Social. TMTG introduced the offering in July and markets it as a response to market‑moving announcements by Trump; the company says it sees momentum and is in talks with potential customers from the AI sector. In the past quarter TMTG’s revenue rose 89 percent to $1.7 million, but it posted a net loss of $238.1 million after investment impairments. » Mere på heise.de