S&P Capital IQ Tracks Donald Trump Trust; Trump Media Reports 205% Revenue Surge
What happened
S&P Capital IQ began tracking the trust holdings of Donald Trump on November 9, 2026. Separately, Trump Media & Technology Group reported that its third-quarter revenue surged 205%, which the company attributed primarily to the Truth API. This API allows news organizations and trading firms to pay between $60,000 and $100,000 monthly for a direct feed of posts on Truth Social.
From nbcnews.com
Why it matters
The revenue surge demonstrates that Trump Media & Technology Group is monetizing content by selling real-time access to posts from high-ranking accounts. Since Donald Trump’s trust owns over 41% of Trump Media, the company's financial performance is closely tied to the trust's largest shareholder. The company acknowledged that its feed service could be market-moving for trading firms.
From nbcnews.com
Who's involved
- Donald TrumpThe largest single shareholder of Trump Media & Technology Group via his revocable trust.
- S&P Capital IQA financial intelligence platform that is tracking Donald Trump's trust holdings.
- Trump Media & Technology GroupThe media and technology company whose revenue surged due to the Truth API.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Trump Media & Technology GroupSpeculative
Trump Media & Technology Group could see continued revenue growth by expanding the paid access offered through the Truth API.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Banc of California may adjust market analysis using new Trump holdings dataBanc of California may adjust market analysis using new Trump holdings dataLikely
- Financial Times may analyze Donald Trump's trust holdingsFinancial Times may incorporate new data on Trump's trust holdingsPossible
- S&P Capital IQ begins tracking Business Trust's holdingsS&P Capital IQ begins tracking Business Trust's holdingsPossible
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The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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S&P Capital IQ
S&P Capital IQ is a financial intelligence platform that provides tools for analysis, ideation, and efficiency.
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