business
Trump Media cashes in on high-speed access to social media posts
Trump Media and Technology Group reported Monday that revenue surged 205% in the third quarter, which it says was “primarily driven” by
Trump Media and Technology Group reported a 205% revenue surge in the third quarter, primarily due to selling a high-speed feed of Truth Social posts. This service, known as the "Truth API," enables news outlets and trading firms to pay between $60,000 and $100,000 monthly for direct access to content.
Latest updates
Trump Media cashes in on high-speed access to social media posts
Trump Media and Technology Group reported a 205% revenue surge in the third quarter, primarily due to selling a high-speed feed of Truth Social posts. This service, known as the "Truth API," enables news outlets and trading firms to pay between $60,000 and $100,000 monthly for direct access to content. The company's stock, symbolized as DJT, closed at $4.06 on Monday with a market valuation of $1.13 billion. Donald Trump's revocable trust, which holds over 41% of the company, is the largest single shareholder and names Donald Trump Jr. as the sole trustee. The firm launched this offering in July to provide real-time access to posts from top Truth Social accounts.
Sources
AI-assisted summary of the reporting above. Quotes are kept to one sentence. Copyright concern? See our DMCA takedown page.
Related stories
Asset Based Lending closes $200M securitization
Asset Based Lending closed a $200 million securitization backed by residential real estate loans on Oct. 26.
Seller’s choice or Compass choice? Here’s what Robert Reffkin said to his investors
Compass CEO Robert Reffkin told investors on Nov 5 that the brokerage's private listing program prioritizes agent recruitment and traffic
What 1,000 U.S. real estate ads reveal about lead generation
Analysis of 1,000 U.S. real estate ads shows 73% were buyer-focused, with property-search services using Meta Instant Forms far more than