Truth API Secures Over 10 Clients for Premium Access

Trump Media's Truth API has signed over 10 clients, generating revenue via $100k monthly subscriptions for rapid post access, despite regulatory criticism.

Woofun AI reports that Trump Media & Technology Group confirmed its Truth API service has secured contracts with over 10 clients. The service provides subscribers with accelerated access to posts from high-profile accounts on Truth Social, including those of Donald Trump. While the company reported Q2 revenue of $1.7 million and a net loss of $238 million, earnings from the Truth API, which launched on August 1st, are excluded from these figures. Subscription fees are set at $100,000 per month, with a reduction to $60,000 for multi-year agreements. U.S. regulators and Democratic lawmakers have criticized the service for potentially selling market-influencing information. Following the earnings release, the company's stock declined by 0.7% in after-hours trading.