CNBC's Steve Liesman says Trump Media's Truth API makes him want to 'literally puke,' while a Truth Social spokesperson calls the criticism ill-informed.
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| Don't @ Me w/Dan Dakich Rob Friedman says Nolan McLean has the filthiest stuff in the MLB right now | Don't @ Me w/Dan Dakich Cathy Engelbert didn't believe a suspension for Alyssa Thomas was warranted | Don't @ Me w/Dan DakichCNBC senior economics reporter Steve Liesman blasted Trump Media’s paid Truth API, while a Truth Social spokesperson called his criticism "ill-informed at best.
"CNBC senior economics reporter Steve Liesman blasted Trump Media & Technology Group's new Truth API on Friday, arguing that selling financial firms faster access to potentially market-moving Truth Social posts from"For me, this announcement by the president makes me want to puke, literally puke," Liesman told MS NOW anchor Stephanie Ruhle. "It’s ill-informed at best," the spokesperson said. "Financial firms routinely pay for these types of feeds from social media platforms, "It’s milliseconds sooner.
The reason for that is because we’re closing the latency gap for financial services firms that put a premium on immediate access.
" Liesman said the plan was among the most troubling developments he had encountered because federal agencies work to release major economic reports to the public simultaneously. Ruhle questioned whether the proposed service could create opportunities for investors to profit from information unavailable to people who did not pay for the data feed.
Dan Nathan, co-founder of RiskReversal and a CNBC"Fast Money" contributor, said the time advantage would matter more to professional traders than long-term investors because "So milliseconds make a lot. They mean a whole heck of a lot, right?
" Nathan said. "So I don’t think this really matters much for investors as far as their ability to transact in the market. It’s very important for traders.
" Ruhle countered that the controversy extended beyond its immediate effect on investors because Trump's family could financially benefit from selling faster access to posts issued by the president. CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTURE "The fact that our White House, our president is engaging in this and making a buck off of it.
" Ruhle said. "We’re barely hearing from the biggest names on Wall Street. "that Truth API would begin serving institutional customers Aug. 1. The company said it had already signed customers and was continuing to onboard additional partners.
Pricing was not disclosed..
"As adoption grows, we expect Truth API to become a meaningful, ongoing source of revenue for the company, creating lasting value for shareholders. "CJ joined Fox News Digital's team in 2026, which highlights the vital role journalism plays in shaping politics and culture. He has years of experience analyzing and reporting on the news media. CJ graduated from Long Beach State University in 2025 with a Bachelor of Arts in Political Science and a minor in Journalism.
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