Trump Media shares rally 13.1% on plan for paid Truth API service

Published Jul 19, 10:46 PM UTC

Trump Media & Technology Group (DJT) shares rallied 13.1% week-on-week after announcing a new paid service called Truth API, which will provide licensed, real-time access to posts from top Truth Social accounts, including those of President Donald Trump. The service is set to launch on August 1, 2026, and aims to monetize market-moving content for institutional clients. Interim CEO Kevin McGurn stated the API is expected to become a meaningful recurring revenue stream. However, hedge fund interest declined in Q1, with 17 funds holding positions versus 21 in the prior quarter. The company also reported a net loss of $405.88 million in Q1, a 1,180% increase year-over-year. Q2 earnings are expected in early August. Additional initiatives include discussions with Crypto.com for prediction contracts and new platform features.