Trump Media says Truth API has over 10 clients and revenue

Trump Media & Technology Group said its Truth API service has signed more than 10 customers and is now generating revenue, marking an early commercial milestone for a product aimed at traders seeking faster access to posts from popular Truth Social accounts, including Donald Trump’s. The company’s Monday earnings release showed second-quarter revenue of $1.7 million and a net loss of $238 million, though those results did not include Truth API income because the service launched on Aug. 1. The offering has previously drawn criticism from U.S. government watchdogs and congressional Democrats, who argue the company is selling a channel to information that could influence markets. Earlier reports said the subscription costs $100,000 a month, with pricing falling to $60,000 a month for multi-year contracts. Trump Media shares fell 0.7% in after-hours U.S. trading after the earnings report.

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Trump Media says Truth API has over 10 clients and revenue - CoinPost Terminal