「$100,000 Trump Tweet Preview」 Service Now Has Over 10 Clients

August 11, The Trump Media Technology Group (DJT) released its financial report on Monday, showing that its Truth API service, which enables traders to quickly access posts from popular "truth social" accounts, has signed "more than 10" clients and has started generating revenue. This service allows users to quickly access information from top "truth social" accounts, including the Trump account. U.S. government oversight agencies and Democratic lawmakers had previously criticized the service, arguing that the company was selling investors a channel to access potentially market-moving information.

The Trump Media Technology Group reported revenue of $1.7 million in the second quarter, with a net loss of $238 million. However, since the Truth API was launched on August 1, the performance of this quarter did not include revenue from this service. Previous reports indicated that the subscription fee for Truth API is $100,000 per month; if a multi-year contract is signed, the price can be reduced to $60,000 per month. After Trump Media released its second-quarter financial report, the stock price fell 0.7% in after-hours trading. (Jinse)