In a CNBC interview on August 24, 2026, Trump Media & Technology Group's Interim CEO Kevin McGurn discussed the company's new revenue-generating data feed, Truth API, and provided an update on its planned merger. The Truth API is being sold to high-frequency trading firms and financial data distributors to provide real-time, machine-readable access to Truth Social content.
Key Details
- Truth API: The company is now licensing its Truth API to a growing number of clients, which the CEO stated is in the "mid-teens." The service is designed to create a recurring revenue stream, and a new agreement was recently signed with a major financial data and information distributor.
- TAE Merger: The company is proceeding with a planned "merger of equals" with nuclear fusion company TAE Technologies. The transaction is valued at approximately $6 billion, and the company is preparing to file an S-4 after TAE completes its audits.
- Litigation Settlement: The CEO noted that the company recently settled significant litigation, which is expected to reduce capital expenditures in the upcoming quarter.