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.
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281 Articles
Trump sued over 'selling priority access to news he himself generates for the benefit of a private company he controls'
Press freedom groups say Trump Media's Truth API violates the First and Fifth Amendments by giving traders early access to market-moving posts
Trump is being sued for access to his official truth social posts.
Trump's $100,000-A-Month Truth Social Scheme Blows up as Lawsuit Accuses Him of Selling Access To Market-Moving Posts
Donald Trump is facing a federal lawsuit over a Truth Social service that charges businesses up to $100,000 a month for faster access to his posts, including messages capable of moving financial markets. At the centre of the Trump Truth Social $100,000-a-month service is Truth API, a paid data feed launched by Trump Media & Technology Group. More than 10 customers have reportedly signed up, with contracts ranging from $60,000 to $100,000 a month…
'Profoundly corrupt': Trump sued in federal court over selling early access to Truth Social posts
A federal lawsuit accuses the Trump administration of violating the First Amendment by selling special advance access to Truth Social posts before they go public.
Trump julkaisee Truth Socialissa uutisia, jotka voivat vaikuttaa esimerkiksi osakkeiden yes öljyn hintoihin.
Suit challenges plan to sell early access to Trump’s Truth Social posts
A lawsuit filed Wednesday in federal court in New York challenges a plan to sell early access to President Donald Trump’s posts on Truth Social for up to $100,000 a month, arguing the First Amendment “guarantees equal access to the President’s public announcements.” The post Suit challenges plan to sell early access to Trump’s Truth Social posts appeared first on Hawaii Tribune-Herald.
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