Bloomberg, Susquehanna International Group and Jump Trading have agreed to subscribe to Trump Media’s Truth API, Reuters reported on 28 October. All three declined to comment. Trump Media criticised the report’s anonymous sourcing and said customer information was confidential. The report puts names to a data business for which the company had previously disclosed more than ten agreements.[4][2]
Truth API began operating on 1 August, according to Trump Media. It supplies selected public Truth Social posts in machine-readable form, runs continuously and includes an archive dating to 2022. In its August results, the company said it was recognising a modest amount of revenue from the service. Reuters attributed a claimed advantage of about 50 milliseconds over ordinary access to Trump Media officials; it was not an independently measured latency result.[1][2][4]
Established terms, reported details and unresolved questions
Truth API evidence boundary
| Point | What is established | What remains qualified |
|---|---|---|
| Service status | Launched on 1 August with more than ten agreements reported by the company | The identities and individual contracts were not disclosed by the companySource 2Source 3 |
| Delivery | Machine-readable public posts delivered in milliseconds | No independently measured end-to-end latency or uptime figure is publishedSource 1Source 3 |
| Reported customers | Reuters names Bloomberg, Susquehanna and Jump Trading | The firms declined comment and Trump Media criticised the sourcingSource 4 |
| Pricing | Company executives have discussed a $60,000-$100,000 monthly range in public reporting | Actual customer pricing, term and service level can differ by contractSource 4 |
| Trading effect | Faster structured information can be consumed by automated systems | A data lead does not guarantee a profitable trade or prove that a subscriber traded on a postSource 1Source 4 |
For brokers and market-data consumers, the product creates ordinary but consequential control questions. A licensed feed needs entitlement records, timestamp reconciliation, downstream-use restrictions and a documented policy for automated strategies reacting to political or government-related statements. Firms also need to distinguish the source timestamp, vendor receipt timestamp, internal publication timestamp and order-generation timestamp when reviewing a fast market move.[1][3]
The commercial proposition is speed and structured delivery of posts described by the company as public. That description does not resolve the broader legal and policy questions raised by selling rapid access to a sitting president’s statements. The available evidence establishes a paid information product, not whether any named subscriber traded on a particular post.[1][4]
For automated users, delivery speed is only one part of the chain. A source timestamp, local receipt time and order-generation time measure different delays; text interpretation and available market liquidity can matter more than the feed’s claimed head start.[4]
Sources & further reading
- Truth API launch announcement Trump Media & Technology Group · 16 Jul 2026 · Accessed 30 Oct 2026
- Trump Media second-quarter update on Truth API agreements Trump Media & Technology Group · 10 Aug 2026 · Accessed 30 Oct 2026
- Trump Media earnings-call discussion of Truth API Trump Media & Technology Group · 11 Aug 2026 · Accessed 30 Oct 2026
- Bloomberg and two trading firms reported as Truth API subscribers Reuters · 28 Oct 2026 · Accessed 30 Oct 2026