Trump Media Revenue Jumps After Truth Social Deal

Trump Media's earnings jumped 205% in the third quarter. The main driver was the Truth API. This tool gives news sites and trading firms a super-fast feed of posts from Truth Social. The monthly price runs from $60,000 to $100,000. Critics argue it's simply a profit scheme for the president's own posts. The service lets outside companies pay for instant access to the platform's content.

Trump is the biggest user of this new service. His family trust controls more than 41% of the company. Democratic lawmakers called the arrangement an outrageous abuse of power. They asked the SEC to review whether it breaks any securities laws. Trump said he barely thinks about his net worth. He joked his son watches over his money. The president's trust holds the majority voting power in the company.

Trump's personal financial disclosure is enormous. It spans over 900 pages. That dwarfs Obama's eight-page form and Biden's eleven pages. Even Vice President Vance has a 17-page disclosure. The document reveals billions in crypto, media settlements, and stock investments. This context makes the Truth Social deal even more intriguing for anyone watching the market.

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