Trump sued over sale of access to Truth Social posts
Early access to the service can cost up to US$100,000 per month, or US$60,000 monthly with a three-year commitment.
Two US media organizations, The Intercept and Freedom of the Press Foundation, have filed a lawsuit against former President Donald Trump over his Truth Social platform's paid access to his posts. The lawsuit, filed in New York, alleges that the scheme is corrupt, extraordinary, and unconstitutional. Subscribers can pay up to $100,000 per month for almost instantaneous access to Trump's messages, which can significantly impact market values due to their market-moving nature.
The lawsuit claims that the scheme enables Trump to profit financially by providing market-moving government information to those willing to pay his personal company. Trump Media & Technology Group, the company operating Truth Social, dismisses concerns over the paid service. The lawsuit also states that timely access to Trump's posts is critical for investigative journalism and asks the court to declare the service unlawful.
Several Democratic lawmakers have called for an investigation by the Securities and Exchange Commission. Trump Media interim CEO Kevin McGurn stated that Truth API has already generated revenue with 10 customer agreements, though he did not disclose the clients. The Wall Street Journal reported that trading companies were among the first subscribers to the service.
Trump's net worth has reportedly increased from $2.3 billion to $6.5 billion since his election in 2024, attributed to various ventures, including cryptocurrency, property deals, stock trades, and lawsuit payouts.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Trump sued over sale of access to Truth Social posts freemalaysiatoday.com
- Trump sued over sale of access to Truth Social posts lemonde.fr
