A lawsuit filed this week alleges that the product is unconstitutional, and other experts warn it could violate securities laws.
President Donald Trump’s media company has forged ahead with selling investors advance access to top Truth Social posts despite legal and ethical questions as it faces renewed scrutiny over its financial stability and relevance.
President Donald Trump’s media company has forged ahead with selling investors advance access to top Truth Social posts despite legal and ethical questions as it faces renewed scrutiny over its financial stability and relevance.
Trump Media & Technology Group reported Monday that it had signed up more than 10 customers in the week since the launch of its new product, Truth API. Some were paying less than the $100,000 per month it had initially asked, the company said.
“We recognize a modest amount of revenue from these agreements today,” interim CEO Kevin McGurn said in an earnings call, adding that he believes it can “grow into a meaningful, durable” driver of growth.
Ethics experts and Democrats express alarm as Trump uses office to grow his personal fortune to ‘unprecedented’ level
Donald Trump’s use of his second presidency to grow his personal fortune has alarmed legal and ethics experts and congressional Democrats as he has reaped an “unprecedented” $2.2bn in 2025 revenues by amassing big cryptocurrency holdings, benefiting from wealthy foreign interests, expanding his Truth Social business and more, while federal oversight of his actions has waned.
Trump last year raked in at least $1.4bn from his crypto ventures according to financial disclosure forms he filed in June. Simultaneously, about one million investors in a Trump crypto scheme suffered almost $3.8bn in losses as their volatile crypto holdings tanked in value.
Monetizing his presidency further this summer, Trump’s Truth Social media business is pushing a new scheme that offers wealthy buyers special early access to his posts for a fee of $100,000 a month, which top Democrats and public interest groups say pose serious conflict of interest and corruption issues.
https://www.theguardian.com/us-news/2026/aug/13/trump-presidency-revenue-wealth