"deliver a direct, licensed, real-time feed of the platform's most market-moving Truths"
On July 16, 2026, Trump Media filed a press release with the SEC describing Truth API as the company's "first data-licensing product," one that would deliver a licensed real-time feed of the platform's most market-moving posts, with institutional access beginning August 1. The service went live in the first days of August. On the company's first-ever earnings call, CEO Kevin McGurn said Truth API "provides machine-readable feeds of publicly available Truth posts from the platform's top accounts in milliseconds" and that "our customers will get published and publicly available posts fractionally faster." He confirmed more than ten signed agreements, mostly high-frequency trading firms, generally in the range of $60,000–$100,000 a month; by August 24 he told CNBC the count was in the "mid-teens" and climbing. The ten covered accounts include the president, the White House, Vice President Vance, FBI Director Kash Patel, Press Secretary Karoline Leavitt, Transportation Secretary Sean Duffy, and HHS Secretary Robert F. Kennedy Jr. Trump is the largest shareholder in Trump Media through the Donald J. Trump Revocable Trust. On August 12 The Intercept and the Freedom of the Press Foundation sued on First and Fifth Amendment grounds. Warren and Schiff wrote the SEC calling it "an outrageous abuse of the President's office"; Rep. Ritchie Torres asked the SEC to evaluate securities-law implications.
The story ran as a markets-and-ethics item pegged to whatever letter had just been sent — Warren's, Schiff's, Torres's — and to the insider-trading question, which the company can deflect cleanly because the posts are, technically, public. Debating whether milliseconds constitute insider trading is a fight Trump Media is happy to have. Buried underneath it was the plainer fact, noted once by CNN in a single line and then dropped: it is not clear how long the president's posts are delayed for the general public. That is the whole story and no outlet pinned it down. The gap is the product. Nobody made the company state its size.
Official government announcements — tariffs, strikes, firings, policy reversals — are now distributed through a channel where speed is priced and the vendor is owned by the person making the announcements. This is not a leak and not a scandal in the usual sense; it was filed with the SEC and described accurately on an earnings call. That is what makes it a Ground News entry. The structure was disclosed in public, in writing, by the people who built it, and the coverage still could not hold it still long enough to ask the one measurable question: how far behind is everyone else? Until someone answers that in seconds, "publicly available" is doing an enormous amount of work.