What is Truth API? The $100,000 feed that has landed Trump a lawsuit

EuroNews · 🇫🇷 public France · Aug 13, 2026 · 571 words · By Quirino Mealha

Market Integrity and Insider Trading First and Fifth Amendment Rights Privatization of Public Information

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What to know about Market Integrity and Insider Trading

Two press organisations have asked a Manhattan federal court to shut down Truth API, the service launched this month that sells Wall Street firms faster access to US President Donald Trump's Truth Social posts for up to $100,000 a month.

Claims checked 16

Techniques found 1

Topics 3

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center75%

Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Why it matters

The Intercept and the Freedom of the Press Foundation went to court in New York on Wednesday to shut down Truth API, a subscription launched this month by Trump Media and Technology Group, the Nasdaq-listed company behind Truth Social.

Common ground

The subscription provides privileged access to US President Donald Trump's social media posts straight to trading firms, sending them fractions of a second before they appear on the public timeline, which is enough time for high-frequency algorithms to…

Perspective signals

The tension in the story is sharpened by Loaded Language: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

Follow-up questions

What new context would change how readers understand this Market Integrity and Insider Trading story?
What evidence would most clearly confirm or weaken the claim that The complaint, which names US President Donald Trump alongside deputy chief of staff Dan Scavino, executive assistant Natalie Harp and the Executive Office of the President?
How does this story connect Market Integrity and Insider Trading with First and Fifth Amendment Rights over the next few days?

open_in_new Read the original article: https://www.euronews.com/business/2026/08/13/what-is-truth-api-the-100000-feed-t…

psychologyPropaganda Techniques Detected

eFinder identified 1 propaganda technique in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning

Loaded Language 80% confidence

Using words with strong emotional connotations to influence an audience.

Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.

Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 16 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 6

check_circle Corroborated 5

help Insufficient Evidence 2

info Single Source 2

verified Verified 1

help

Claim 1: “The complaint, which names US President Donald Trump alongside deputy chief of staff Dan Scavino, executive assistant Natalie Harp and the Executive Office of the President”

INSUFFICIENT EVIDENCE

While the lawsuit is confirmed, the provided evidence does not list the specific defendants (Dan Scavino, Natalie Harp, etc.) beyond a mention of Natalie Harp being 'dragged into' the fight; the full list of defendants in the complaint is not explicitly detailed in the evidence.

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Claim 2: “On several occasions this year, futures markets have registered unusual bursts of activity minutes before major Iran war announcements appeared on US President Donald Trump's account.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 3: “Equity futures jumped more than 2.5% and West Texas Intermediate fell almost 6%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 4: “According to one analysis of 1,341 posts between late January and early April, conducted by the Queensland University of Technology, there were 15 episodes that raised suspicions of insider trading.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 5: “a request last month from US Senators Elizabeth Warren and Adam Schiff for the Securities and Exchange Commission to examine whether the service undermines market integrity.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 6: “Two press organisations have asked a Manhattan federal court to shut down Truth API”

CORROBORATED

Multiple independent web search results confirm that The Intercept and the Freedom of the Press Foundation filed a lawsuit in a Manhattan federal court to shut down the Truth API service.

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wikipedia NEUTRAL — Freedom of the Press Foundation (FPF) is an American non-profit organization founded in 2012 to fund and support free speech and freedom of the press. The organization originally managed crowd-funding…
https://en.wikipedia.org/wiki/Freedom_of_the_Press_Foundatio…

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wikipedia NEUTRAL — SecureDrop is a free software platform for secure communication between journalists and sources (whistleblowers). It was originally designed and developed by Aaron Swartz and Kevin Poulsen under the n…
https://en.wikipedia.org/wiki/SecureDrop

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wikipedia NEUTRAL — The Intercept is an American left-wing and progressive nonprofit news organization that publishes articles and podcasts online. The Intercept has published in English since its founding in 2014, and i…
https://en.wikipedia.org/wiki/The_Intercept

+ 3 more evidence sources

help

Claim 7: “US President Donald Trump holds roughly 41% of the company through a revocable trust overseen by his eldest son, Donald Trump Jr., with the stake currently worth close to $1 billion (€866mn).”

INSUFFICIENT EVIDENCE

No evidence was provided in the search results regarding the specific percentage of ownership (41%), the revocable trust, or the $1 billion valuation.

info

Claim 8: “among them US President Donald Trump, the White House itself, US Vice President JD Vance, FBI Director Kash Patel and Health Secretary Robert F. Kennedy Jr.”

SINGLE SOURCE

The provided evidence mentions these individuals in separate contexts (e.g., an emergency meeting or general posts) but does not confirm they are part of the '10 most-followed accounts' covered by the Truth API subscription.

travel_explore

web search NEUTRAL — Donald J. Trump.President Trump is making President Reagan’s Strategic Defense Initiative (SDI) vision a reality. With Golden Dome, the War Department will defend our homeland more powerfully than eve…
https://truthsocial.com/

travel_explore

web search NEUTRAL — Fresh questions are being raised after it was revealed that Vice President JD Vance, FBI Director Kash Patel and other senior Trump officials reportedly held an emergency meeting just before the first…
https://www.youtube.com/watch?v=V7UHXSomR-U

travel_explore

web search NEUTRAL — The elder Trump’s most enduring contribution came in 1956, when he donated land to the Talmud Torah of the Beach Haven Jewish Center in Flatbush, New York. The Center still operates today, offering pr…
https://www.josealnino.org/p/its-in-the-blood-the-trump-fami…

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Claim 9: “The subscription provides privileged access to US President Donald Trump's social media posts straight to trading firms, sending them fractions of a second before they appear on the public timeline”

CORROBORATED

Multiple sources describe the service as providing banks and trading firms with automated/faster access to posts immediately after they go live, providing a speed edge.

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wikipedia NEUTRAL — Executive Order 14168, titled "Defending Women from Gender Ideology Extremism and Restoring Biological Truth to the Federal Government", is an executive order issued by Donald Trump, the 47th presiden…
https://en.wikipedia.org/wiki/Executive_Order_14168

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wikipedia NEUTRAL — Steve Huffman (born November 12, 1983), also known by his Reddit username spez ( ), is an American web developer and entrepreneur. He is the co-founder and CEO of Reddit, which is the seventh most-vis…
https://en.wikipedia.org/wiki/Steve_Huffman

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wikipedia NEUTRAL — Truth Social is an American alt-tech social media platform owned by Trump Media & Technology Group (TMTG), an American company majority-owned by US president Donald Trump. It has been called a "Twitte…
https://en.wikipedia.org/wiki/Truth_Social

+ 3 more evidence sources

schedule

Claim 10: “many of the 9,000 to 11,000 posts Trump has published since January 2025 came with no White House statement.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 11: “Contracts run from about $60,000 (€52,000) to $100,000 (€86,600) a month and cover the platform's 10 most-followed accounts”

SINGLE SOURCE

While the $100,000 upper limit is widely reported, the specific range starting at $60,000 and the detail about the '10 most-followed accounts' is only explicitly mentioned in one specific search result snippet; other sources mention 'up to $100,000' but not the full range or the specific count of accounts.

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wikipedia NEUTRAL — Perplexity AI, Inc., or simply Perplexity, is an American privately held software company offering a web search engine that processes user queries and synthesizes responses. Perplexity products use la…
https://en.wikipedia.org/wiki/Perplexity_AI

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wikipedia NEUTRAL — Truth or Consequences (commonly T or C; founded as Hot Springs) is a city in the U.S. state of New Mexico, and the county seat of Sierra County. In 2020, the population was 6,052. The city is historic…
https://en.wikipedia.org/wiki/Truth_or_Consequences,_New_Mex…

+ 3 more evidence sources

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Claim 12: “Interim CEO Kevin McGurn told an earnings call on Monday that subscribers receive news "fractionally faster" than everyone else”

CORROBORATED

Multiple sources confirm that Interim CEO Kevin McGurn defended the service on a call, specifically using the phrase 'fractionally faster'.

travel_explore

web search NEUTRAL — Trump Media Interim CEO Kevin McGurn defended the service during the call after criticism that the arrangement could give some traders an unfair advantage.
https://www.benzinga.com/markets/earnings/26/08/61100516/tru…

travel_explore

web search NEUTRAL — Trump Media, Truth Social's parent company, rolled out Truth API in July. The service provides machine-readable access to posts from Trump and other high-profile Truth Social accounts, with subscripti…
https://www.newsmax.com/newsfront/donald-trump-truth-social-…

travel_explore

web search NEUTRAL — McGurn defended Truth API during Monday's call, describing it as a feed of publicly available posts delivered "fractionally faster" than through other channels. "Providing licensed real-time public da…
https://www.theblock.co/news/business/2026-08-12-trump-sued-…

schedule

Claim 13: “The clearest case came on 23 March, when the S&P 500 and oil futures recorded isolated volume spikes at about 6:50am in New York. Fifteen minutes later Trump posted that talks with Iran had taken place and strikes on its energy infrastructure were paused.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

verified

Claim 14: “Truth API, a subscription launched this month by Trump Media and Technology Group, the Nasdaq-listed company behind Truth Social.”

VERIFIED

Wikipedia confirms Truth Social is owned by Trump Media & Technology Group (TMTG). Web search results link the launch of Truth API to TMTG.

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+ 3 more evidence sources

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Claim 15: “More than 10 customers have signed up, mostly high-frequency trading firms, according to company executives.”

CORROBORATED

Multiple independent sources report that more than 10 customers, primarily high-frequency trading firms, have signed up for the service.

travel_explore

web search NEUTRAL — More than 10 customers are paying between $60,000 and $100,000 a month for Truth API to US President Donald Trump’s media company. This could generate as much as $12 million in annualised revenue for …
https://indianexpress.com/article/explained/explained-econom…

travel_explore

web search NEUTRAL — More than ten customers, primarily high frequency trading firms, have subscribed to the feed.Truth API gives paying customers faster access to posts from Trump and other prominent Truth Social account…
https://cryptobriefing.com/trump-media-sued-truth-api-paywal…

travel_explore

web search NEUTRAL — The service, called Truth API, charges up to $100,000 a month for faster access to Truth Social posts from the president and other high-profile users of the platform.Trump Media officials said they we…
https://www.northernpublicradio.org/2026-08-12/trump-sued-ov…

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Claim 16: “Truth API, the service launched this month that sells Wall Street firms faster access to US President Donald Trump's Truth Social posts for up to $100,000 a month.”

CORROBORATED

Multiple sources confirm Truth API is a service selling faster access to Donald Trump's posts to Wall Street/trading firms for up to $100,000 a month.

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+ 3 more evidence sources

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.