Trump sued over Truth Social advance access sale
The lawsuit says more than 10 financial firms pay up to $100,000 a month for advance access to Trump’s posts.
- The Intercept Media and the Freedom of the Press Association sued President Donald Trump and Trump Media on Tuesday over the sale of early access to Truth Social posts, alleging constitutional violations.
- Trump Media launched the Truth API in July, pitching the service to Wall Street firms seeking faster access to content; the company said it is 'expected to provide the company with a new revenue stream.'
- More than 10 high-frequency trading firms pay between $60,000 and $100,000 monthly for accelerated access, using sophisticated algorithms to act on potentially market-moving statements seconds before competitors.
- Plaintiffs allege the arrangement violates the Constitution, calling it 'corrupt, and unconstitutional,' while critics question if a company tied to Trump's family should profit from his public statements.
- Facing a $238 million second-quarter loss with $1.7 million in revenue, Trump Media views the service as a 'meaningful' and 'durable' source of revenue; CEO Kevin McGurn aims to expand sales to technology companies and betting markets.
338 Articles
338 Articles
[Op-Ed] Donald Trump’s Plan To Sell Access To Truth Social Posts Is Corrupt
Source: Truth Social / Screenshot A lawsuit was filed on Wednesday in a New York court over President Donald Trump’s plan to sell early access to his Truth Social posts for $100,000 a month. The New York Times reports that Freedom of the Press Foundation and The Intercept filed the lawsuit. The suit argues that Trump “stands to gain financially by giving ‘market-moving’ government information to those who are willing and able to pay his personal…
Lawsuit Challenges $100,000 Fee For Early Access To Trump’s Truth Social Posts - Tampa Free Press
A federal lawsuit filed Wednesday in the U.S. District Court for the Southern District of New York challenges a new data service offered by Trump Media & Technology Group that provides expedited access to posts on Truth Social. The legal action was brought by two nonprofit organizations, The Intercept Media, Inc. and the Freedom of […] Lawsuit Challenges $100,000 Fee For Early Access To Trump’s Truth Social Posts
Trump Media Stock Down Almost 17% in 5 Days as Company is Sued Over Offering Early Access to Trump's Truth Social Posts - for $100,000 a Month!
Donald Trump’s Trump Media stock is sinking yet again. Completely without value anyway, the stock — DJT — is down 17% in five days. It’s currently at $8.30. The stock supports Truth Social, Trump’s social media sewage system. This is where Trump and his idiot lackey Republicans can post lies and conspiracy theories. But now […] The post Trump Media Stock Down Almost 17% in 5 Days as Company is Sued Over Offering Early Access to Trump’s Truth Soc…
Coverage Details
Bias Distribution
- 54% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
