cnbc_topnews

Trump Media's new paid data service goes live, giving clients faster access to Trump’s posts

📰 source: cnbc_topnews · 💼 business

trump media's paid data service, truth api, went live aug. 1, giving firms a licensed, real-time feed of truth social posts from president donald trump and other top accounts. the company says it's for the platform's 'most market-moving truths,' per interim ceo kevin mcgurn. trump's @realDonaldTrump account is the largest on the platform with 13 million followers, and the trump family is the biggest shareholder in the public company.

the launch drew fire from democratic senators adam schiff and elizabeth warren, who urged the sec on wednesday to investigate whether it violates the law. they called it 'an outrageous abuse of the president's office for his personal benefit' that undermines investors and market integrity. the sec declined to comment. mcgurn defended the service, saying markets already move on truth social posts.

why it matters: paid access to trump's posts could monetize market-moving info while raising ethics questions for investors.

source: cnbc_topnews
sentiment: +0.20 · impact: 0.30

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Top Wall Street analysts like these 3 stocks for their solid growth potential

How a small Israeli startup was linked to rogue AI hacks at OpenAI, Anthropic and Meta

Andy Burnham to tour Britain in effort to reconnect government with public

‘Like being in prison’: the ship crews stuck in Gulf since February