$100K to Preview Trump's Posts Early: Service Already Has Over 10 Clients

Odaily Planet Daily News: Trump Media & Technology Group (DJT) released its earnings report on Monday, revealing that its Truth API service—which provides traders with rapid access to popular accounts' posts on "Truth Social"—has already signed on "more than 10" clients and has begun generating revenue. The service allows users to faster retrieve information from top "Truth Social" accounts, including Trump's own account. U.S. government oversight bodies and congressional Democrats have previously criticized the service, arguing that the company is selling investors access to potentially market-moving information. In the second quarter, Trump Media & Technology Group posted revenue of $1.7 million and a net loss of $238 million, though since Truth API launched on August 1, the results for that quarter did not include revenue from the business. It was previously reported that Truth API subscriptions cost $100,000 per month; with multi-year contracts, the price could drop to $60,000 per month. Following the release of Trump Media's Q2 earnings, the stock slipped 0.7% in after-hours trading. (Jin Shi)