In the current bizarro times, an anti-establishment stance is apparently synonymous with being pro-Wall Street, and skirting the SEC's rules on stock price manipulation is considered eminently kosher, as evidenced by Truth Social's sudden pivot towards monetizing its users' data, and the President Trump's ongoing penchant for touting stocks on Truth Social that he bought beforehand.
Trump's Truth Social will now license its users' sentiment-related data to the Wall Street via the so-called Truth API
For the benefit of those who might not be aware, Truth Social is wholly owned by the Trump Media and Technology Group, but has been struggling to gain users. After all, as of September 2025, it only had 2.1 million monthly active users. The platform, however, has become a must-have resource for many, especially given President Trump's penchant for frequently firing off unfiltered posts called Truths.
What's more, Truth Social's parent company is not doing too well either: it reported revenue of just $0.87 million in Q1 2026 against a net loss of $405.9 million.
This brings us to the core of today's topic. Perhaps in a bid to place a tourniquet over its bleeding finances, Truth Social is now allowing Wall Street firms to license real-time sentiment data via a back-end API, ironically dubbed the Truth API. At present, the API will provide access to sentiment data from the platform's top 10 accounts, including "President Trump (@realDonaldTrump), the White House (@WhiteHouse), FBI Director Kash Patel (@Kash), White House deputy chief of staff Dan Scavino (@DanScavino) and Health and Human Services Secretary Robert F. Kennedy Jr. (@seckennedy)."
What's more, Trump Media has already signed several customers ahead of the August 01 launch of the API, including financial news organizations and high-frequency trading firms, as per the reporting by Axios.
Meanwhile, as per a separate report from CNN, President Trump has recently touted as many as 20 companies on his Truth Social platform after buying their shares beforehand. Perhaps rules only apply to the rabble nowadays.
About the author: Writing is my one incontrovertible passion. Over the past six years, he has authored over 2,200 distinct articles on financial and tech-related topics, spanning nearly 1 million words. And he has been a member of Wcctech mobile team since 2025. As an alumnus of the University of Toronto, Rotman Commerce Program, I bring nuance, in-depth knowledge, and a unique perspective to every topic that I cover. When I'm not writing, I'm traveling the world, exploring hidden confectionaries and restaurants as an aspiring food connoisseur.
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