Business · Companies · 7 hrs ago

Trump Media Says Paid Truth Social Feed Drove Revenue Surge

Trump Media Says Paid Truth Social Feed Drove Revenue Surge

Trump Media said its third-quarter revenue rose 205% from the same period last year.

The company said the increase was primarily driven by its paid Truth API, which provides faster access to posts on Truth Social.

News organizations, trading firms and other services can pay $60,000 to $100,000 a month for the feed.

President Donald Trump is Truth Social’s most prominent user, and his revocable trust owns more than 41% of Trump Media.

Democratic senators Elizabeth Warren and Adam Schiff say selling access raises concerns about Trump benefiting personally from his presidency.

They asked the Securities and Exchange Commission to assess whether the arrangement complies with federal securities laws; no decision is given.

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What people are saying

Kevin McGurnInterim CEO of Trump Media
Markets already move on Truth Social posts.
via NBC News
Elizabeth Warren and Adam SchiffU.S. senators
an outrageous abuse of the President’s office for his personal benefit.
via NBC News
Donald TrumpU.S. president
I devote almost no time to my net worth
via NBC News