Trump Interim CEO Kevin McGurn on Truth API: This was demand that came to us from the market
CNBC Television
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August 24, 2026 at 12:15 PM UTC
Bullish
70% Confidence
Watch on YouTube
Key Points
- Truth API provides a data feed from Truth Social to institutional customers, including high-frequency trading firms, offering a 50-millisecond advantage.
- McGurn defends the Truth API, stating it's a 'tried and true' technology common across social media platforms like Twitter and Reddit.
- Future plans include licensing the Truth API to retail trading platforms and large language models for AI, aiming to bring information from 'Wall Street to Main Street'.
AI Summary
Kevin McGurn, Interim CEO of Trump Media & Technology Group, discusses the Truth API, a data feed for Truth Social, sold to institutional customers. He defends the service against controversy regarding early access, stating it's a standard practice in social media and aims to expand licensing to retail and AI platforms. He emphasizes the necessity of such platforms for free speech.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Bullish | 70% |
| Consensus | Bullish | 70% |