Trump Media to Launch Truth API on Aug. 1 to License Data to Wall Street

According to Axios, Trump Media plans to launch its Truth API on Aug. 1 to license real-time posts from the platform's top 10 trending accounts to institutional clients. The company has already signed several customers ahead of the launch, including financial news organizations and high-frequency trading firms, CEO McGurn said.

Last year, Trump Media reported $3.68 million in revenue from advertising and subscriptions, against a net loss of $712 million.

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