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Trump Media & Technology vs Meritz Financi: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Trump Media & Technology Group Corp. (DJT)

Q3 2026
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Truth API launch and crypto retreat drive DJT down 45%

  • Truth API launch Trump Media launched Truth API, selling millisecond-early access to Trump's Truth Social posts for $60,000–$100,000 monthly. Over ten high-frequency trading firms subscribed, creating a high-margin recurring stream potentially worth $7–12 million annually—two to three times last year's revenue.

    This new product is a major potential revenue driver for DJT.

  • Legal and political backlash The feed faces political and legal backlash: Senators pushed for SEC scrutiny, banks are avoiding it, and a federal lawsuit argues the paywall violates the First and Fifth Amendments, threatening adoption.

    This backlash could hinder the success of the Truth API and hurt DJT's prospects.

  • Crypto venture scrapped Trump Media scrapped its $6.42 billion Crypto.com venture and abandoned its Bitcoin treasury strategy after a $190 million paper loss, holding 12,062 BTC deeply underwater.

    This retreat from crypto removes a major growth initiative and signals financial strain.

  • Weak financials and stock plunge Q2 posted a $238 million net loss on $1.7 million revenue, and DJT stock fell 45% to $9.76, leaving crypto investors $4.7 billion down.

    These results and the stock drop reflect the company's poor performance and investor losses.

August 2026
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Truth API launch and crypto retreat reshape DJT's story

  • Truth API paid data feed launches with 10+ clients Trump Media launched Truth API, selling early access to market-moving Truth Social posts for $60,000–$100,000 a month. Over 10 clients signed up, mostly high-frequency trading firms. If just three pay $100,000 monthly, that would double last year's $3.7 million revenue. This gives DJT a real new sales stream beyond ads.

    New revenue source directly addresses DJT's tiny revenue and huge losses, a core reason investors might value the stock.

  • Federal lawsuit challenges Truth API paywall US media organizations sued Trump Media over the Truth API, arguing that charging for early access to presidential communications violates the First and Fifth Amendments. The case creates legal uncertainty and reputational risk around the company's newest business. A drawn-out fight could delay or kill the revenue stream investors are counting on.

    The lawsuit is a direct legal threat to the new Truth API revenue driver, making it a key counterweight to the positive launch news.

  • Bitcoin treasury abandoned after $190 million paper loss Trump Media dropped its Bitcoin treasury strategy after a $190 million paper loss, redirecting capital to Truth Social, Truth+, and Truth API. The company holds 12,062 Bitcoin worth about $755 million but deeply underwater. Q2 net loss was $238 million on $1.7 million revenue. The pivot removes a major source of volatility and losses.

    The Bitcoin exit is a major strategic shift that explains recent losses and the new focus, directly affecting DJT's risk profile.

  • Trump crypto investors down $4.7 billion as DJT stock falls 45% A Public Citizen report says investors in Trump's crypto ventures are $4.7 billion underwater, mostly unrealized losses. Trump Media's Bitcoin treasury accounts are among the losers, and DJT stock has dropped 45% over the past year to $9.76. This highlights the damage from the crypto bet and lingering investor pain.

    It quantifies the fallout from the crypto strategy and shows the stock's long-term decline, reinforcing why DJT is under pressure.

Latest
▼3▲1

Truth API launch and crypto retreat reshape DJT's story

  • Truth API paid data feed launches with 10+ clients Trump Media launched Truth API, selling early access to market-moving Truth Social posts for $60,000–$100,000 a month. Over 10 clients signed up, mostly high-frequency trading firms. If just three pay $100,000 monthly, that would double last year's $3.7 million revenue. This gives DJT a real new sales stream beyond ads.

    New revenue source directly addresses DJT's tiny revenue and huge losses, a core reason investors might value the stock.

  • Federal lawsuit challenges Truth API paywall US media organizations sued Trump Media over the Truth API, arguing that charging for early access to presidential communications violates the First and Fifth Amendments. The case creates legal uncertainty and reputational risk around the company's newest business. A drawn-out fight could delay or kill the revenue stream investors are counting on.

    The lawsuit is a direct legal threat to the new Truth API revenue driver, making it a key counterweight to the positive launch news.

  • Bitcoin treasury abandoned after $190 million paper loss Trump Media dropped its Bitcoin treasury strategy after a $190 million paper loss, redirecting capital to Truth Social, Truth+, and Truth API. The company holds 12,062 Bitcoin worth about $755 million but deeply underwater. Q2 net loss was $238 million on $1.7 million revenue. The pivot removes a major source of volatility and losses.

    The Bitcoin exit is a major strategic shift that explains recent losses and the new focus, directly affecting DJT's risk profile.

  • Trump crypto investors down $4.7 billion as DJT stock falls 45% A Public Citizen report says investors in Trump's crypto ventures are $4.7 billion underwater, mostly unrealized losses. Trump Media's Bitcoin treasury accounts are among the losers, and DJT stock has dropped 45% over the past year to $9.76. This highlights the damage from the crypto bet and lingering investor pain.

    It quantifies the fallout from the crypto strategy and shows the stock's long-term decline, reinforcing why DJT is under pressure.

July 2026
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Trump Media launches paid early-access API, faces backlash and losses

  • Truth API launch Trump Media launched Truth API, selling millisecond-early access to Trump's Truth Social posts for $60,000–$100,000 monthly. Over ten high-speed trading firms subscribed, creating a high-margin recurring revenue stream worth $7–12 million annually—two to three times last year's total revenue.

    This is a new revenue stream that could significantly boost DJT's top line.

  • Political and legal backlash The feed faces political and legal backlash: Senators Warner, Warren, and Schiff pushed for SEC scrutiny, banks are avoiding it, and a lawsuit calls it corrupt and possibly unconstitutional, threatening adoption.

    Regulatory and legal risks could hinder the API's success and hurt DJT's reputation.

  • Crypto venture scrapped Trump Media also scrapped its $6.42 billion Crypto.com venture, shifting focus to a TAE merger with execution risk.

    Abandoning a major crypto deal removes a potential growth catalyst and introduces merger uncertainty.

  • Cash burn and losses Meanwhile, continued Bitcoin transfers (2,628 BTC) raised cash concerns, and the company posted a $238 million quarterly net loss with $360.6 million in crypto losses, highlighting heavy cash burn.

    Large losses and cash outflows raise solvency concerns and pressure the stock.

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Trump Media drops crypto deal, bets on Truth API and TAE merger

  • Truth API gains paying customers Trump Media signed over 10 high-speed trading firms to its Truth API, each paying $60,000–$100,000 monthly. That's $7–12 million a year, two to three times last year's total revenue, giving DJT a real, high-margin income stream.

    This is the main new positive force behind DJT's price, showing actual revenue growth.

  • Legal and regulatory pushback on Truth API A lawsuit by two media groups and calls for an SEC probe argue that selling early access to Trump's market-moving posts is corrupt and possibly unconstitutional. This legal cloud could slow adoption or force changes, weighing on DJT.

    It is a new, material risk that could undermine the key growth driver.

  • Crypto.com venture scrapped, focus shifts to TAE merger Trump Media cancelled its $6.42 billion crypto venture with Crypto.com, removing a speculative piece but also cutting regulatory noise. Attention now turns to the proposed merger with fusion firm TAE, targeted to close by end of 2026, which carries execution risk.

    This is a major strategic shift that changes DJT's story and risk profile.

  • Big losses from bitcoin and operations Trump Media reported a $238 million quarterly net loss and a $360.6 million crypto loss for the first half, with revenue under $2 million. Much of the loss is paper losses from bitcoin's falling value, but it still highlights heavy cash burn and financial strain.

    These losses are a key new negative factor weighing on DJT's price.

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Trump Media's paid early-access feed launches amid political pushback

  • Truth API launches with premium pricing Trump Media launched Truth API, selling millisecond-early access to Trump's Truth Social posts for up to $100,000 a month. High-frequency traders are subscribing, creating a high-margin recurring revenue stream that could boost DJT's value.

    This is the core new product driving potential revenue and investor interest.

  • Political and regulatory backlash Senator Warner urged financial groups to reject the feed, and Senators Warren and Schiff asked the SEC to scrutinize it. Some banks are avoiding it due to political risk, which could limit adoption and revenue.

    This is a real counterweight that could slow or block the product's success.

  • Continued Bitcoin sales raise cash concerns Trump Media moved another 2,628 BTC (about $165 million) to an exchange, continuing a pattern of selling its Bitcoin holdings. The company denies selling, but the transfers reduce its crypto reserves and may signal financial strain.

    This shows ongoing capital management that could affect DJT's balance sheet and investor confidence.

Meritz Financi (138040.KO)