BusinessQuiet 81d · day 82
Trump Media CEO defends paid early-access service to Trump's Truth Social posts
Kevin McGurn says subscriptions to the $100,000-per-month Truth API are climbing as Democrats call for a probe into potential trading advantages.
What to know
- Truth API, live since August 1, sells subscribers faster access to Trump's Truth Social posts for up to $100,000 per month.
- Critics say the service lets wealthy firms trade ahead of the public on Trump's market-moving announcements.
- Democrats are demanding a federal investigation into the arrangement.
- CEO Kevin McGurn says demand is real and growing, with subscribers rising from 'more than 10' to the 'mid-teens' in about two weeks.
“This was demand that came to us from the market”
Kevin McGurn, Trump Media interim CEO · CNBC video · Aug 23
Kevin McGurn Trump Media & Technology Group interim CEO
Donald Trump US President, top shareholder in Trump Media (via revocable trust)Congressional Democrats Critics calling for federal probe
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