Truth API: What we know about Truth Social's paid data feed

On 16th July, Trump Media & Technology Group (TMTG) announced Truth API, a paid, low-latency feed of Truth Social's most influential posts, pitched at trading firms. The feed went live on 1st August.

For a platform that has come to be seen as a repository of market-moving statements, the product closes a gap for firms that have relied on manual monitoring. Below we cover what has been announced, how funds have accessed Truth Social data until now and how we expect the space to develop.

Key points

• Truth API delivers posts from Truth Social's 10 most influential accounts within milliseconds, with history from 2022.
• Pricing has not been publicly disclosed. The Financial Times reports TMTG has discussed as much as $100k/month.
• Three third-party providers already offer Truth Social content, with latency ranging from seconds to minutes.
• All existing third-party Truth Social data was web-scraped, which TMTG says breaches its terms of service.
• The commercial case is clear. The open question is whether institutions can buy a feed that routes revenue to the president.

What is Truth API?

Truth API is a licensed data feed giving paying subscribers access to posts from Truth Social's trending accounts, delivered within milliseconds of publication.

The product provides continuous monitoring of the 10 most influential accounts on the platform, including the president's, which has 12.9m followers. It also offers a historical archive of posts dating back to 2022, when Truth Social launched. It is aimed at trading firms rather than at media or research users.

Why does Truth Social data move markets?

Truth Social is routinely used by President Trump to break market-moving news, and the lag before newswires carry a post can be long enough to execute a trade.

Trump’s "GREAT TIME TO BUY" post ahead of the 90-day tariff pause in April 2025 sent equities spiking. Holders of raw Truth Social data captured the move well before the major newswires – by which point most of the spike had already played out. This year, posts relating to the Iran war have likewise moved oil prices in both directions.

This is why latency, rather than coverage, is the defining variable for this dataset. A feed that arrives after the move has played out has limited trading value, whatever its other qualities.

How much does Truth API cost?

Exact pricing has not been publicly disclosed. According to the Financial Times, TMTG has discussed charging as much as $100k/month for the product.

For context, one existing third-party provider prices its Truth Social coverage from $5k/month, so the official feed would sit at a substantial premium to the alternatives already in the market.

Who else provides Truth Social data?

Until Truth API launched there was no official feed. Firms either monitored the platform manually or bought from third-party providers, all of which obtained the data by web-scraping – an activity a TMTG spokesperson has said violates the company's terms of service.

Three providers currently offer Truth Social content to investment clients:

• A market-moving news headline feed, drawing on 500+ sources including Truth Social. The vendor claims to deliver published headlines with a lag of 10-15 seconds. 
• A media and social monitoring database covering 140k companies, with an additional feed for monitoring the social content of specific individuals, including Trump's Truth Social posts. The vendor claims to ingest all data within 60 seconds of publication, with its language processing engine taking a further 15-30 seconds to compute and deliver.
• A retail trading platform with an alert feature tracking Trump's Truth Social activity, which provides an AI summary of the potential implications. Users can expect minutes of lag, but the product may suit those wanting actionable information on what a post implies rather than just its contents.

These are not direct substitutes. Only the third attempts to interpret a post rather than relay it, and the three sit at materially different points on both latency and price.

What are the compliance considerations for institutions?

The revenue from the sales of Truth API stands to benefit the Trump family directly, with the president owning around 41% of the company's publicly traded shares. That is the source of the reputational question institutions now face.

Several Democratic senators have publicly flagged the possible corruption risks of financial firms paying for faster access to presidential announcements. Senator Mark Warner, a member of the Senate Banking Committee, has written to the heads of major financial trade bodies urging them not to buy the product, citing the potential market risks associated with corruption.

Particularly in the wake of the upcoming midterms, the feed could attract further Congressional scrutiny. It is worth watching the reaction in Washington as more details emerge.

How will the Truth Social data market evolve?

Truth API's exact lead over the third-party providers is not yet clear, but we can safely assume it has a latency advantage. The value of the API is unlikely to be in question. The greater uncertainty is whether institutions will want to buy it, and how the existing providers adapt to the new competition, if at all.

Institutions will have to weigh whether subscribing to a feed that routes revenue to the president sits comfortably with their own compliance and reputational standards, particularly while the conflict-of-interest debate remains live.

The providers above may see increased attention if their offerings prove substantially more affordable than the official API. Alternatively, they may shift focus away from Truth Social products if funds move towards the lowest-latency source of the platform's data.

Frequently asked questions

When did Truth API launch? TMTG announced Truth API on 16th July 2026 and the feed went live on 1st August 2026.

How fast is Truth API? TMTG states the feed delivers posts to subscribers within milliseconds. This has not been independently verified, but it is faster than any third-party provider currently offering Truth Social content, where stated latency ranges from seconds to minutes.

How far back does Truth API historical data go? The archive covers posts from 2022, when Truth Social launched.

How many accounts does Truth API cover? The 10 most influential accounts on the platform, including the president's.

Are there alternatives to Truth API? Yes. Three third-party providers offer Truth Social content to investment clients: a market-moving headline feed, a media and social monitoring database and a retail trading platform with an alert feature. All are slower than the official feed, and at least one is materially less expensive.

Was Truth Social data available to funds before Truth API? Yes, but only through manual monitoring or web-scraped third-party feeds. TMTG has said web-scraping the platform breaches its terms of service.

Our full Intelligence report on Truth API names the three alternative providers of Truth Social data, sets out their latency and pricing in detail, and gives our view on where those claims need testing and which sources are likely to remain viable.

Request the full report

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Neudata provides independent intelligence on the data vendor market to institutional investors, covering alternative data through its Scout product and market data through its Ranger product.