Interim CEO Kevin McGurn of Trump Media defended the Truth API, a paid data feed launched in August 2026 that offers institutional customers early access to public posts on Truth Social. McGurn argued the technology is common among social platforms and meets market demand, despite criticism over potential conflicts of interest due to presidential family ownership. Senate Democrats have proposed legislation against the API, and lawsuits claim unconstitutional monetization. Trump Media plans to expand the API to retail trading platforms and other information services, aiming to grow revenue amid ongoing regulatory and legal challenges. Investors should watch for updates on customer growth and the upcoming merger closure in Q4 2026.
RUM Group's stock rose 11% after CEO Chris Pavlovski named CoreWeave and Nebius Group as competitors in its AI infrastructure expansion via its Quake AI division. The company recently acquired Northern Data, adding significant GPU capacity, and secur...
RUM Group announced a $13.7 billion commercial agreement to supply GPUs and services to a U.S.-based cloud customer, boosting its stock 7% to $9.68. The deal spans six years in three tranches, with the final tranche conditional on customer approval. ...
