The "$100,000 for Early Access to Trump's Posts" service already has over 10 clients
TechFlow news, August 11: The financial report released by Trump Media Technology Group (DJT) on Monday showed that its Truth API service, which provides traders with quick access to popular account posts on "Truth Social", has currently signed "more than 10" clients and has begun generating revenue. The service allows users to obtain information from top "Truth Social" accounts (including Trump's account) faster. U.S. government watchdogs and Congressional Democrats previously criticized the service, believing that the company was selling investors access to information channels that could affect the market.
Trump Media Technology Group's second-quarter revenue was $1.7 million, with a net loss of $238 million, but since Truth API launched on August 1, the revenue from this business was not included in this quarter's results. Previous reports stated that the Truth API subscription fee was $100,000 per month; if a multi-year contract is signed, the price could drop to $60,000 per month. After Trump Media announced the second-quarter financial report, its stock price fell 0.7% in after-hours trading. (Jin10)
