Trump Media reports a Q2 net loss of $238.1M, vs. a net loss of $20M in Q2 2025, and says 10+ clients are paying up to $100K per month for its Truth API (Steve Kopack/NBC News)
The company's interim CEO said more than 10 customer agreements have already been signed for the Truth Social service that launched this month.
Two US media groups, The Intercept and Freedom of the Press Foundation, filed a lawsuit against Trump Media and Technology Group (TMTG) on Wednesday alleging that the company's plan to charge for early access to Trump's often market-moving posts on Truth Social is "profoundly corrupt" and unconstitutional. The lawsuit, filed in New York, states that Trump stands to gain financially from providing market-moving government information to those willing to pay his personal company. The lawsuit claims that the scheme is extraordinary, corrupt and unconstitutional.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 4 other outlets
- Trump sued over $100,000 Truth Social plan for early access to market-moving posts: ‘Profoundly corrupt’ livemint.com
- Trump sued over Truth Social advance access sale cnbc.com
- Freedom of the Press Foundation and The Intercept sue Trump after Trump Media & Technology offered a subscription service for faster access to Trump's posts (Bernard Condon/Associated Press) apnews.com
- US press groups sue Trump over fast access to Truth Social posts ft.com
