API

CCforWork

This would be a huge mistake and essentially lock in a pricing power monopoly for OAI and Anthropic. They currently have an 80% margin on API-based usage. It's highway robbery.

mmaisumm

So I reckon the Truth API is online already? Huge volume candle happened in AAPL seconds before the SPY candle

dpatel211

JPM API went to shit, prices aren't updating.

FullOf_Bad_Ideas

That's what they have been doing so far, yes. Deepseek API doesn't meet security requirements of most serious companies. They could switch to US providers for Deepseek models but those are few times more expensive for long context agentic coding workflows (second cheapest provider has cache read that's 16x more expensive) and just aren't quite good. V4 Pro that's coming out this month to replace V4 Pro Preview should help though.

Ok-Knowledge3177

The API pricing of Kimi K3 is much lower than that of its competitors. Its input price is only 30% of Claude Fable 5, and its output price is 30% of the latter

octopus_serenader

It's amazing, because of immunity loopholes, the 🥭 Truth Social API grift is unprosecutable and legal. America is in shambles.

McKnuckle_Brewery

Not exactly the powerhouse you are looking for, but the GoogleFinance() API works well in Google Sheets. It doesn't connect or login to your institutions. You need to create a basic table of your ticker symbols with share counts, and it retrieves near realtime quotes all day long. Some niche assets like the proprietary funds inside a 529 won't work, but nearly everything else does. I track 71 unique holdings across 15 odd accounts.

Reply_Stunning

That's not a small claim. It's the kind of statistic that spreads because it *feels* true in a world where AI-generated content is exploding. Here's how I'd separate what we know from what people are projecting: * **Today:** A significant fraction of internet traffic is already automated. Depending on the measurement, bot traffic has been estimated around **45–50% of all web requests**. But that includes search engine crawlers, CDNs, uptime monitors, API clients, security scanners, and malicious bots—not just social media accounts pretending to be people. * **Social media:** Nobody knows the true percentage of bot accounts. Platforms publish estimates, but independent researchers often argue the real number is higher. AI has made it dramatically cheaper to create convincing personas. * **Five years from now:** "1000 bots for every human" is plausible only if you're counting **all autonomous software agents**—customer service bots, coding agents, web crawlers, IoT devices, automated businesses, research agents, etc. It's **not** a credible prediction that public conversations will literally have 1000 fake people for every real person. The deeper shift isn't the ratio. It's the economics. Before LLMs: * A troll farm needed hundreds of people. Now: * One person can supervise hundreds or thousands of AI agents. * Those agents can maintain personalities, remember context, generate images and video, comment in different styles, and coordinate. That changes the cost curve by orders of magnitude. The more unsettling question isn't *"How many bots are there?"* It's: > That's already becoming a real challenge. If an AI can convincingly participate in discussions, review products, answer questions, and build relationships, then metrics like likes, comments, and even apparent consensus become less reliable signals of human sentiment. Ironically, this could make **small, trusted communities** more valuable than massive public platforms. People may increasingly rely on reputation, verified identities, or closed networks because "the open internet" becomes noisy. One thing I'd be skeptical of is any article giving a precise forecast like **1000:1**. That number sounds more like a scenario than a prediction backed by strong evidence. The trend—rapid growth in autonomous agents—is well supported. The exact ratio is much harder to justify. Do you remember which article or publication it was? I'd be interested to see whether they were referring to: * total internet traffic, * social media posts, * AI agents, * or all automated internet activity. Those are very different claims.

Nervous-Lock7503

How is my backend bs undigestible? Backend engineers have to handle the system design from API to database, logging, concurrency, caching etc.. And just how many tools we even have to be familiar with, in order to perform for this role.. While for front-end, especially those that don't require complex javascripts/jquery for user interactions, only needs to wire the API to the UI for display, code the interface. Even UI designs are taken care of by designer roles... Their jobs are just way easier, thus their salary...

nxs_sss

I mostly sell options and wanted to have better tracking/visual of each tickers performance. ROI, premium captured, top ticker with the most roi. I want to know if my calls/puts are assigned and i want the cost basis to adjust as I sell additional options on the shares. I wired it to a free (15 minute delayed) stock and options chain pricing API so I can see near real-time updates of where the stock is right within the app. Additional features like Trade Analyzer, Premium Scanner so I can see that data right within my app. You could also use SnapTrade if you want to wire it directly to you broker. https://preview.redd.it/mhoovxbjo1eh1.jpeg?width=1765&format=pjpg&auto=webp&s=013be5672c62eaae3a9f1dbf3011532ea305e990

Drchubbypanda

Banks gonna realize, the API is just another discord mod sharing their moves from their mom's basement.

FullOf_Bad_Ideas

Down 30% on Kimi K3 release. >A massive bulk of their revenue comes from on-premises deployments for state owned enterprises and financial institutions, while their open-platform API usage has seen tremendous spikes globally. How much is from open platform API?

Weekly_One8412

so what would the difference be if Trump is just delaying the release of the "real" tweet? as opposed to this "API thing" delivering the tweet faster?

FullOf_Bad_Ideas

Serving API They don't make a lot of money.

Isma110

Truth API, the fastest, by far, nobody's ever seen anything like it, ever. Not even close. Tremendous speed, tremendous power, the best, the absolute best. The whole financial world is talking about it. Truly, truly incredible like never before, in the history of APIs

TheWinterNights

Long story short API monetization. Their hosted APO is pay-per-token and heavily used. Not gonna bore with the difference between inference, training/tuning, etc. ... in there but basically that is it. Basically just cause the model is open source does not mean everyone can host it, operate it, etc. ... The big money comes from corpos/massive businesses and money/big budget planning and strategy talks there. Most large corpos could have the money for hosting, personnel, etc. ... but could not care less. They just want the problem solved and pay for it - aka stuff in API key, integrate with stuff they do and focus on their own business. Not gonna go on the whole "but it is in China!", "CCP!", and so on. Reality is the world is larger than people think and again the numbers talk. Not everyone is heavily regulated, has this-and-that-US-government requirements and so on. And in that world they are doing very well. Keep in mind they can offer insanely good prices per token and usage economics. Electricity and compute is way cheaper in China already than anywhere else, plus they are substituted by the state (no not at a loss) and they run on low margins (basically not afraid to fail/get dented cause china system = different).

NiftyNumber

There will always be new ways, right now it is API blackmarket that generates training data from users.

BosSF82

the idea that institutions can buy an information advantage at all over the general public when that information is coming direct from the president of the united states is both totally unique to this situation and totally wrong. Anyone can't use the API, it will be cost prohibitive and or technologically prohibitive for people off the street to implement.

The_JSQuareD

This isn't anything unusual. * X/twitter: https://docs.x.com/x-api/webhooks/introduction * Meta (Facebook/Instagram/Threads): https://developers.facebook.com/docs/graph-api/webhooks/ All of these are likely to be faster than mobile push notifications, because they don't go through the Android / iOS notification queue, bypass mobile battery management, etc. It's a direct line from the social media platform's servers to your server. The framing from Truth Social that it's explicitly for institutional traders, and selling access to them specifically for a high price is distasteful for sure. But offering real time API access to a social media network is completely industry standard. And it certainly isn't anything resembling insider trading. Though if Truth Social only allows specific institutions to buy access, rather than openly selling it to anyone who wants to use the API, *that* should probably raise some eyebrows.

Bossdude234

1. “Overbuilt relative to demand” - relative to THEIR demand you mean, referring to SpaceX/Meta. If there was no overall demand for compute then why would Anthropic do these massive deals in the first place? Anthropic under-built and so in the short term these deals are a way for less popular model providers like Meta/SpaceX to get higher ROIC on their build outs. 2. “The rental deals are less lucrative”, first off the margins on these deals are much higher than the margin neoclouds are making, but also the cognitive dissonance to say that “renting is less lucrative than serving your own LLM” to then go on and say the economics of serving an LLM don’t work doesn’t make sense to me. What are you even trying to say? 3. What is the cost reality you refer to in terms of model providers? It’s pretty well documented that API inference has pretty solid margins. Subscription is debatable, depends on your user base ofc like all subscription models do, but compute is also getting wildly more efficient and there’s still so much room to go there in co-design and chip architecture. 4. The actual compute costs of training a model are trivial compared to the cost of serving it. Furthermore the idea that people or enterprises will just host their own open source models is a fantasy right now. The cloud was growing rapidly and that’s when hosting on-premise for traditional servers was much simpler. Setting up an inference pipeline and cooling architecture for these rack-scale systems is far more difficult and by definition, far more efficient to do in a centralized manner like you see with the hyperscaler business.

Not_Not_John_Stamos

It’s accessible via API platform… lol so that’s one obvious route but yeah no clue otherwise

frugaleringenieur

Is the new Truth API already live for banks? Is this Friday tweet in the making the first one that is going through that? Do we know what the delay is?

QuantumCryptoKush

API calls on trump truths!

IvoryTowerResident

>︀︀Trump Media is reportedly seeking up to $100,000 a month to give banks and trading firms the fastest access to President Trump’s Truth Social posts. The new “Truth API” would offer low-latency feeds of key accounts, aiming to create a new revenue stream as Trump’s market-moving posts become increasingly valuable to investors. The most insane timeline cost more than a bloomberg terminal

trumpdiego

but that being said, anyone down to go halfsies on the $100K API to escape the permanent underclass?

iTouchStuff

TRUMP MEDIA TARGETS WALL STREET Trump Media is reportedly seeking up to $100,000 a month to give banks and trading firms the fastest access to President Trump’s Truth Social posts. The new “Truth API” would offer low-latency feeds of key accounts, aiming to create a new revenue stream as Trump’s market-moving posts become increasingly valuable to investors. you literally cant make this shit up lmfao

jeffynihao

TRUMP MEDIA TARGETS WALL STREET Trump Media is reportedly seeking up to $100,000 a month to give banks and trading firms the fastest access to President Trump’s Truth Social posts. The new “Truth API” would offer low-latency feeds of key accounts, aiming to create a new revenue stream as Trump’s market-moving posts become increasingly valuable to investors.

Icy_Damage_5347

It is actually not that crazy. They are just providing an API. Meaning you don't have to manually refresh the page to get the data. You can just write a program that does it and gets that information quickly from the API that the truth social people provide. HFT have been doing this for a while now everywhere else [https://www.nbcnews.com/business/media/trump-media-early-access-truth-social-posts-rcna587912](https://www.nbcnews.com/business/media/trump-media-early-access-truth-social-posts-rcna587912)

tgaccione

What if Iran buys the truth social API and they make the $400 billion they were supposed to get off the peace deal by insider trading

Solo_Jawn

Because selling a paid API is not illegal and every other news/social media platform does it including twitter, bloomberg, and yes Reuters (the platform this article was posted on). The only difference is that Trump uses Truth exclusively.

BarbellPadawan

If any companies actually subscribe to 🥭’s API, I’m no longer going to be in their customer pool

jerome-yellen

WTF Mango's API is $100,000 a month

Revolutionz

Donald Trump’s social media company has discussed charging traders and investors as much as $100,000 a month for faster access to the US president’s posts on his Truth Social platform.   Trump Media & Technology Group has quoted the six-figure monthly sum in talks with prospective buyers of the “Truth API” data service, according to people familiar with the matter.   Proprietary trading firms and hedge funds pay huge sums for ultrafast data feeds because every millisecond counts when reacting to market-moving news. Trump often makes major announcements on Truth Social that trigger huge fluctuations across global markets.   The announcement on Thursday of the API product sparked a backlash on Wall Street as traders and investors digested the prospect of having to pay a company tied to the president for market-moving information.   “People will pay because they have to,” said an executive at a hedge fund. “If you’re behind on that news, you’ll get crushed.

HighwayExotic2808

Just wait for that Truth Social API deal to be official. We’re gonna see a lot more of these random pump and dumps before any news comes out

djklmnop

I bet they will have to watch a 3 min ad each time before they can access the API data each day, unless they get the gold membership for a billion dollars.

JimmyTango

Well the comment you replied to first was a response highlighting the distinction between programmatic access to public information vs non-public information so forgive me for assuming you were countering that as a means of define the insider trading claims. Yes there’s value to buying a semi-structured high rate limit version of the post to ingest in data engineering workflows. But my original point is it’s not NPI if the data is available to the API and the rest of the public access simultaneously. The banks just get an easier path to ingesting and processing it vs hitting refresh on the web page or running a scraper on it.

BosSF82

I never used the words insider trading did I? I specifically said the public information due to Americans from the president of the united states is being commodified. Which is what is happening. Why else would anyone pay for this if not to gain an edge? This isn’t an API between Robinhood or Reuters and a hedge fund, this is the flippin president. This is so completely wrong.

Jaquatech

Its a real-time API access for Truth Social media platform, nothing more. Same type of API is in use for X Enterprice, Bloomberg terminal, Reddit, StockTwits and hundreds other. The TDS is big in the media to make it sound like insider trading.. 🤡

JimmyTango

Again, faster does not mean they are going to time it with an offset. Push notifications on a phone are multistep process of the app and the phone OS. An API is a call directly to the Truth Social app so if they are giving the buyers high rate limits the sure they get a jump on the data landing but that’s different than insider trading where Truth Social gives the banks X time before the data is public. It should be monitored or investigated to confirm that’s the case but this thread is full of a bunch of folks who don’t understand basic 20yo technology.

JimmyTango

An API isn’t necessarily faster. It depends on the infrastructure behind it and what the rate limits are. What would be faster is a cloud data share, that would update instantly for the banks as soon as the text is logged on the application side.

JimmyTango

Where in the article does it state there is a delay between what is posted in the app and what’s available in the API?? I hate Trump as much as the next guy but without someone showcasing they have a meaningful jump on the message being posted to the app where everyone else can see it this is just a standard offering that allows investment firms to fold the post more efficiently into their algorithms. That’s not insider trading.

Advanced_Divide_4641

Gross. Truth API 8/1.

Roadkill_Gaming

I fell like a crafty lawyer could argue that since the information is pay to access before public access. It could be argued as a bribe for information. Almost the same of just handing a stack of cash to a board member for privileged info hours or days before release. This would be the first step to a 1 day delay on posts. Buy the API get the post when it is made, everyone else next day.

fireworks10

The company current has 3.7mil in TTM revenue. I think the real story is lamer, they are simply trying to monetize and copying X which charges for API access.

ripcord51

can we get the Truth API for the dashboard?

gizamo

That's what they're selling. It's essentially "Truth Social Premium" that comes with advanced API access. But, it's being marketed to high-frequency traders, so even if someone just made his posts public, all of those algos would have made their trades long before you could even read the posts.

DreamsSecretsNLogic

Twitter API was free. This is specifically geared towards institutional investors. The press release talks about market moving. This is a completely different thing and I bet it's crazy expensive

andsto2

Yes, has to drum up demand for the truth social API

scientia_analytica

Okay, some body make an API that access his profile and makes it public now you don't even need an account 

OxCart69

Fair point, I concede. Still makes it sound like they’re doing “Truth Premium” with early access to Trumps posts, while it sound like they’re offering an API

DreamsSecretsNLogic

Any developer could get Twitter API and build a tool for free. That's not what this is.

DreamsSecretsNLogic

Depends on how expensive the API is, most places you can get API for free, right? If it's packages of financial product it's completely different than just offering API

OxCart69

Literally says it’s an API - which is exactly what HFT firms need to scrape data quickly and easily. This would imply the difference in time would be in seconds or fractions of seconds, not minutes. Here’s a quote directly from the article, which shines some light on the situation: “Other social networks offer API services, which allow businesses to extract data from their platforms. But Truth Social is unique because its most powerful poster is also a key owner and the sitting president of the United States.”

_bones__

Sure, I use ChatGPT and Claude as well. You're using a heavily subsidized plan (or the free options like me) and not paying for tokens. If Ferrari started selling their cars for $10k I'd have one, too. When Anthropic raised their prices for API usage to lose less (not even make a profit), all companies reduced their budgets, and people fled to cheaper options. The demand isn't as high if you couple it with a fair price.

layje

It's not automatically illegal if everyone has equal access to the paid API under the same terms. The bigger questions are whether it creates an unfair informational advantage and whether it raises conflicts of interest if presidential statements can move markets. I wouldn't be surprised if the SEC and ethics watchdogs take a close look, even if the product itself isn't clearly prohibited by existing securities laws.

haro0828

A lot of people here are celebrating a corporate/state strategy they don't actually understand. ​China is open-sourcing models because they have to. US sanctions limited their hardware, so they are crowdsourcing global compute and developer hours to catch up. They want US startups hooked on cheap Chinese models so OpenAI and Google can't monetize properly. ​If you think Beijing is going to keep giving away their most powerful strategic assets for free once they actually take the lead, you're dreaming. The second they secure a dominant edge, the walls go up and the global tech sector gets fragmented. Enjoy the free API credits while they last, but stop acting like it's a gift.

hotcornballer

I mean the ecomonics don't make any sense, if you can have an open-source model that's 90% of the way there a company is not going to pay 10 times or more the API price, they'll just tell their engineers to use the cheaper model and work more. That's what everybody is saying and why the frontier labs are freaking out (openAI delayed their IPO btw)

thisisintheway

Bloomberg and others have literally worked with ISPs and news organizations to be able to receive news a fraction of a second faster. Completely unobtainable for an average Joe like me. But this? This is interesting. What’s it cost?….now, vibetraders like me can plug that API into my trading agent and front run news events? Fuck, this might be retails wet dream.

AphaedrusGaming

I said it's worth 20x because that was the prompt, and I said I'm in the industry (API pricing)

hotcornballer

You're paying subscription price, if you had to pay API prices you'd be scrambling for anything else. Fable is FIFTY per mill out that's insane.

RocketMoped

Not necessarily. Google for example only offers out of the box support for older open weights models, most likely to not cannibalize their Gemini API dollars. So not every hyperscaler will jump through hoops to only supply the bare metal for Chinese model housing.

hachi_roku_

All the hackers targeting bank employees' API keys now

skunimatrix

Over the last 10 years I used a rapid protyping tool that so long as I sat down for a few days and developed the database correctly would create a functional CRUD interface and even API in later versions in a day. And I mean maybe not large scale production ready, but functional enough to get out to a small group for actual real world testing. Used to take us weeks of coding to get to the same place. Now it wasn't highly optimized, but if you had the functions down it only took a few weeks for the optimization crew to get it there. Around 2018 it became screw optimization...throw more AWS at it. Pretty much when I decided it was time to think about retiring.

Drchubbypanda

A Teleprompter trades based on early information. \_Taken into custody\_ A new API that allows banks to access posts earlier than notifications. \_Nothing to see here boys\_

ChronicallySilly

We pay for the team plan, so we aren't gonna buy multiple team plans for multiple platforms. We just kinda all easily agreed on Claude when deciding. If we were paying token API rates sure might make more sense >Every big tech company has them all right now. Honestly I find that hard to believe but I don't work in big tech so I can't really refute

2beatenup

It was always there. It’s now an automated API with automatic payment to TACO.

george_alto

hmmm - i only read the headline and not the article, just not that interested. But as a technical person (software, apis, ai, etc), I do not see what is wrong with this. "Trump Media Unveils Truth API for Wall Street as Trump’s Truth Social Posts Move Markets" The company is making the Truth posts that Trump sends out to the public to be able to be integrated into other applications. That's all an API does. It give access to data or functionality from the company (software) that is making the API available. Trumps Truth posts are made available to the PUBLIC (anyone can read his Truth Posts) whenever he makes a post - therefore, that is not inside information, it's public information he's posting. Now software systems can get immediate access to those posts to make part of their software. Think of it this way. Financial professionals on wall street have "instant" access to newsfeeds - much faster access then general public (at least that's what I hear from my friends in finance - but it does make sense). Now that "instant" access information can also include Trump's truth social posts since they actually do move markets as title says. It's actually that simple.

JimmyTango

An API sharing access to publicly accessible/scrap-able is not insider trading. Now if it turns out Truth socials API distributes the data to the API with a delay to the public facing viewability of the posts then yes.

migure_2025

True API Super Service (TruAss(tm)).

jerome-yellen

Im closing all market platforms, market data and trading systems and signing up to Mango's API. Don't need anything else.

rogsmith

Yeah and if he was on Twitter and Twitter was selling fast API access it would be even more normal. Though it does makes me think that a head of state should not be constantly announcing things that make the stock market so volatile while he is also trading on that market so often.

Leather_Floor8725

How can AI labs make big bucks from API if open source models are as good, magnitudes cheaper, and safer for data? And if AI labs can’t make big bucks, how can the chips they are buying be worth so much? How do memory companies retain near 90% margin. The risk reward seems TERRIBLE right now.

BrainLow6059

If all they're doing is selling API access, that's something other social platforms already do. The way they're branding this is kind of wild, but you could make the same argument for any platform that has API access to the public/customers. I mean shit, Reddit sells API access now. You could easily argue they're selling "social and political trend" access "early" via their API.

SerialOptimists

It doesn't break any law, everyone here just has the scrutiny skills of a 4 year old. The title isn't even just clickbait, it's blatantly incorrect, but the article is accurate; it's about an API to access published posts.

SerialOptimists

It is not. But as it turns out that is not relevant here because u/Resident_Caramel763 chose to title this post with bullshit clickbait. The article is about an API that will allow structured and automated access to the posts, not about selling ahead of it being published.

mrdfour

The entire purpose of the API is to provide subscribers with posts before the public

Utilize3372

So how many of you are buying the Truth Social API access?

notaredditeryet

The onion couldn’t make this shit up. They could’ve even made Truth API a paywalled service for anyone, but they said specifically banks. I can’t wait for these boomers to finally kick the bucket and let the next generation attempt to pick up the pieces.

Pretend_Composer_308

The doctrinal building blocks in the argument are accurately stated. But the conclusion depends entirely on an unestablished fact (advance, non-simultaneous access) and stretches settled tipper/tippee doctrine into a genuinely untested application (a president as both source and discloser of his own statements). If reporting ever surfaces that Truth API subscribers get posts before the public does, this analysis would suddenly have real teeth. As of what’s been publicly reported, that premise hasn’t been shown.

Pretend_Composer_308

Another point about emoluments whether this is *legally* an emolument depends on unresolved questions — what counts as an “emolument” (is money for a legitimate commercial service the same as a gift?), and whether it’s even enforceable against a sitting president absent congressional or judicial action. Nobody has authoritative answers to those yet. What’s not in dispute is that the structural vulnerability you’re describing — a foreign government (or its intermediary) simply becoming a Truth API customer — is real, currently unaddressed, and consistent with patterns ethics groups have already documented elsewhere in Trump’s business dealings, including reported crypto ventures like World Liberty Financial’s deal with a UAE-backed fund.

Pretend_Composer_308

whether this is *legally* an emolument depends on unresolved questions — what counts as an “emolument” (is money for a legitimate commercial service the same as a gift?), and whether it’s even enforceable against a sitting president absent congressional or judicial action. Nobody has authoritative answers to those yet. What’s not in dispute is that the structural vulnerability you’re describing — a foreign government (or its intermediary) simply becoming a Truth API customer — is real, currently unaddressed, and consistent with patterns ethics groups have already documented elsewhere in Trump’s business dealings, including reported crypto ventures like World Liberty Financial’s deal with a UAE-backed fund.

Pretend_Composer_308

😂 Can you say how they apply? Here’s what each requires and whether the known facts (as reported) get there: **Securities fraud / insider trading:** **15 U.S.C. § 78j(b) (Exchange Act §10(b)) / Rule 10b-5** — Requires a deceptive or manipulative act “in connection with” a securities purchase/sale, done with scienter (intent). Selling API access to *public* posts isn’t itself deceptive. This could bite if, say, TMTG made false statements to investors about the product (e.g., lying about who’s subscribed, revenue projections) — but that’s a different fact pattern than what’s been reported. **15 U.S.C. § 78u-1(a)** — SEC’s civil penalty authority for insider trading. Requires trading on *material nonpublic* information. Doesn’t apply here unless subscribers get posts before public release (the “simultaneous release” question from earlier). **15 U.S.C. § 78u-1(h)** — This is actually the STOCK Act provision clarifying that members of Congress and executive branch employees owe a duty of trust/confidence regarding nonpublic government information they access through their position. It’s aimed at Congressional/executive insider trading on things like undisclosed legislation — not commercial products built on a public account. Doesn’t fit this fact pattern. **15 U.S.C. § 78ff(a)** — Just the criminal-penalty provision for *willful* Exchange Act violations. It’s not a standalone offense; it attaches only if an underlying violation (like 10(b)) is proven. **15 U.S.C. § 78i(a) (§9(a))** — Prohibits manipulative trading in a specific security (matched orders, wash trades, etc., to move price). This would require someone actually manipulating DJT’s stock price through fake trades — not what’s described. **Bribery / public corruption:** **18 U.S.C. § 201(b) (bribery)** — Requires a public official corruptly receiving something of value *in exchange for* being influenced in a specific official act. Buying a data subscription isn’t an official act. This statute would need evidence that a payment was tied to some governmental decision — not established by the facts here. **18 U.S.C. § 201(c) (illegal gratuities)** — Lower bar than bribery (payment “for or because of” an official act, no explicit quid pro quo required), but post-*McDonnell v. United States* the definition of “official act” was narrowed substantially. Same gap: no official act has been identified as connected to Truth API payments. **Fraud statutes:** **18 U.S.C. § 1343 (wire fraud)**, **§ 1348 (securities/commodities fraud)**, **§ 1346 (honest-services fraud)** — All require a scheme to defraud (deception for money/property). Honest-services fraud specifically was narrowed by *Skilling v. United States* to bribery/kickback schemes only. None of these attach to a lawful, disclosed commercial product unless there’s an underlying deception. **7 U.S.C. § 9(1) (Commodity Exchange Act antifraud)** — Parallel to 10b-5 but for commodities/crypto markets; same issue — requires actual manipulation or fraud in a commodities transaction. **Catch-alls (derivative, not standalone):** **18 U.S.C. § 2 (aiding and abetting)**, **§ 371 (conspiracy)**, **§ 1349 (attempt/conspiracy)** — None of these create liability on their own; they attach only once an underlying substantive crime is established. **18 U.S.C. § 1001 (false statements)** — Only implicated if false statements were made *to a federal agency* — e.g., in an SEC filing or financial disclosure. Would need a specific false statement identified, not just the API’s existence. **Bottom line:** Based on what’s actually been reported, none of these statutes are clearly triggered by Truth API’s launch or by a foreign entity subscribing to it. Almost every one of them requires an additional fact that hasn’t been established: deception, trading on non-public information, an explicit official-act quid pro quo, or market manipulation. The genuine open questions are (1) whether subscribers get posts before public release, and (2) whether any specific quid-pro-quo emerges linking a payment to an official government action — either of those would meaningfully change this analysis. Absent that, this sits more in emoluments/conflict-of-interest territory (a real, live concern, as we discussed) than in the criminal-statute territory this list covers.

McNoKnows

I mean anything is arguable but youd have to be fucking stupid to argue back to that. It’s definitely 100% worse and evil. Straight up wealth transfer from those who can’t afford the API (poorer people) to those who can (rich people)

niyiy46139

The Reddit headline is a bit misleading. The article headline is not. From what at article says, Truth Social is getting an API... which typically is faster than loading a webpage. This seems like a common feature that many sites already have. In fact, it seems like the standard Twitter API that was available to access Trump's tweets (and everyone else's tweets) during his first term. I would think it would be illegal to get EARLY access, but that's not the case here. This is just a machine-readable way to get information that is already public.

d33p7r0ubl3

Gonna be hilarious if paid API subscribers get early access to Truths

elleeott

It really depends how this is designed. If the info is available via the API and the public posting is deliberately embargoed, even for a small amount of time, that's insider trading. If it's just structured API access, and content is available through both channels at the same time, that's less of a problem. It's never going to be a non-problem though, as it's already a huge issue that the President makes official statements through a private company. That he owns. And is enriching himself by giving Trump Media exclusive access to statements from the Office of the President.

2020isgreat

WSB should collectively buy access to the Truth Social API

octopus_serenader

wait, when they say "real time" that's not a big deal, but if they're actually going to DELAY posts to the public in favor of the API, that's a fucking grift.

godisdildo

No, they will specifically deliver to some and not to others at the same time through that API

Eggs-Benny

I'm a Never Trump Guy but isn't this just Truth Social offering an API? Something X and a lot of other platforms offer.

OpeDefinitely

"NEW: Trump Media, the owner of Truth Social, has launched “Truth API,” a paid real time data service giving institutional clients faster access to posts from influential Truth Social accounts, including President Trump’s." at least corruption is acutely efficient ig

JeanClaudeVACBann

I quick-fabled this whether it is potentially illegal: " Counterintuitively — probably not, under current US law. What TMTG announced is "Truth API," a licensed, real-time B2B data feed of posts from the highest-ranking Truth Social accounts, launching for institutional customers August 1 and aimed at high-frequency and algorithmic trading firms (Stock Titan) , delivered significantly faster than a regular push notification (Investing.com) . Selling speed on simultaneously-public information is established practice: exchanges sell direct feeds and co-location, Bloomberg/Dow Jones sell machine-readable news wires. Insider-trading liability (10b-5) requires material nonpublic information plus breach of duty — a post is arguably public the instant it hits the platform, so a latency edge isn't MNPI. Closest precedent: Thomson Reuters releasing the Michigan consumer-sentiment index 2 seconds early to paying HFT clients; the NY AG branded it "Insider Trading 2.0" in 2013 and it was dropped under pressure, but no court ever ruled it illegal. The actual scandal is the conflict structure, not the mechanism: Trump makes a practice of posting official policy information first on Truth Social, and his family is the largest shareholder of the publicly traded parent (CNBC) — i.e., the president monetizes the market impact of his own official statements. But the president and VP are explicitly exempt from the core federal conflict-of-interest statute (18 U.S.C. § 208), and emoluments claims would only bite if foreign-government-linked entities subscribe — those suits died procedurally in the first term without a merits ruling. The genuinely unsettled edge: if the feed ever delivers posts before public visibility rather than merely faster than notifications, it shifts from a speed product to selective pre-disclosure of market-moving government information — and "when does information become public" has never been cleanly resolved in that context. As written, though: unprecedented conflict, legal product."

literallymoist

Just offer a paid API so we don't have to actually read that horse shit.

RuleSafe6767

The API signup includes a lump sum and monthly fee: - Pre-pardon fee: one time lump sum of 10M in $Tr*mp World Coin [1]. - TS market front run API fee: ongoing 10M/month in $Tr*mp World Coin [1]. * Please include the tx hashes in your submission.

MindMonitor

Not at all. I’m no US citizen, but I \*used\* to respect the country very much. Now? No respect is left. This API access is another confirmation that what once was is lost.

john_san

Insider trading has an fast API now?

Shadd518

Right. I mean from hitting the API -> processing the sentiment of the post -> triggering/processing a trade, all that can be done in less than a second, with time to spare

reddithola

I should preface and say that that is what firms are doing rn, API will be be faster

dadoftriplets

Isn't this another avenue into insider trading territory? giving a select few privileged access, even 30 seconds faster than everyone else, allows those to make moves on the stock market before anyone else has a chance to do so, unless they are willing to pay the inflated fee to access 'Truth API' This just seems like scheme number 1670 to monetise the Presidency.

c-u-in-da-ballpit

They’re high but once the models are trained and infrastructure is mature, marginal cost of serving a customer is low and gross margins for API/subscription businesses are typically 60-80% CATLs is 17% and it’s compressed recently. Battery manufacturing businesses will always have real cost-of-goods pressure, commoditization, and price wars eating into margins. So a dollar of AI revenue and a dollar of battery revenue aren’t equivalent in what they imply about future profit. The AI dollar theoretically converts to profit at a much higher rate, assuming compute costs come down or utilization improves. Who knows if that’ll happen. I think open source models will eat into Anthropic and OpenAI. But again, you’re comparing two completely different industries in a non-sensical way.