Trump Interim CEO Kevin McGurn on Truth API: This was demand that came to us from the market

Watch on YouTube ↗  |  August 24, 2026 at 11:56  |  6:26  |  CNBC
Speakers
Kevin McGurn — Interim CEO, Trump Media and Technology Group

Summary

Trump Media interim CEO Kevin McGurn defends the new Truth API as a standard, market-driven data product and outlines plans to expand licensing across trading platforms, financial data distributors, AI, and prediction markets. He addresses conflict-of-interest concerns by arguing posts are public in real time and that speed has always been part of news. He also argues the platform has durability because of political content and past deplatforming.

  • Trump Media launched Truth API to sell institutional access to Truth Social data.
  • Kevin McGurn says demand came from firms already scraping the data.
  • The company aims to license to HFT firms, retail platforms, data distributors, AI LLMs, and prediction markets.
  • McGurn says posts are delivered in real time with a 50-millisecond machine-pricing advantage.
  • He compares the API practice to Twitter and Reddit.
  • He argues the platform remains necessary due to midterm politics and Trump's past deplatforming.
Ideas
Kevin McGurn Interim CEO, Trump Media and Technology Group 0:57
Truth API creates recurring revenue growth.
Trump Media's Truth API is a new recurring revenue stream that meets demand from institutions that were already scraping Truth Social data; the company is signing high-frequency trading firms, retail trading platforms, a large financial data distributor, and plans to expand licensing to AI large language models and prediction markets, while offering real-time delivery with less latency than competitors.
DJT HIGH
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This CNBC video, published August 24, 2026, features Kevin McGurn discussing DJT. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Kevin McGurn  · Tickers: DJT