DJT
Scoop: Lawmaker asks SEC to investigate Truth Social's plan to monetize access to its data
Article Summary
HOLD- Trump Media & Technology Group (NASDAQ: TMTG) is preparing to launch Truth API, a real-time data-licensing product aimed at institutional investors, with plans to monetize access to President Trump's social-media posts for up to $100,000 per month.
- Ritchie Torres (D-N.Y.) has asked the Securities and Exchange Commission to investigate whether plans by Truth Social's parent company could violate federal securities laws, noting the president retains a roughly 41% stake in Trump Media & Technology Group through a revocable trust.
- The letter urges the agency to review Truth API before its planned launch and determine whether it raises securities law, market manipulation or investor protection concerns, noting that even a brief informational edge can generate substantial profits in algorithmic markets and erode confidence in fair and level playing field.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 1.7% | 25% | 20.0 ptsMinimal (1.7%) - Very weak |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | — | 20% | 40.0 ptsNo Target Price Available |
| Gross Margin % ? | -177.2% | 15% | 10.0 ptsRazor-Thin (-177.2%) - Weak pricing power |
| Drawdown from 52-Wk High ? | -53.1% | 15% | 100.0 ptsDeep Discount (-53.1%) - Best entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About DJT
- Trump Media & Technology Group Corp. engages in social media and streaming services in the United States.
- It operates Truth Social, a social media platform for free expression; and Truth+, a streaming platform focusing on family-friendly live TV channels and on-demand content.
- The company also offers Truth.Fi, a financial service and FinTech brand that incorporates America First investment vehicles; and a digital asset strategy including a bitcoin treasury.
- Trump Media & Technology Group Corp. was founded in 2021 and is headquartered in Sarasota, Florida.