San Francisco sues over delayed Trump social media posts
The city says the paid service gives subscribers early access to market-moving posts and can fuel insider trading, with contracts priced up to $100,000 a month.
- On Monday, San Francisco City Attorney David Chiu filed a lawsuit against Trump Media & Technology Group, alleging its Truth API subscription service facilitates insider trading by providing wealthy firms early access to President Donald Trump's market-moving social media posts.
- Launched in July, Truth API charges select customers $100,000 monthly for a 50-millisecond advantage in viewing posts from Trump and other influential accounts, which the company markets as a high-margin recurring revenue stream.
- Chiu argues this pay-to-play scheme violates California's Unfair Competition Law by enabling high-frequency trading firms to profit from information before the public, disadvantaging ordinary investors saving for retirement.
- Trump Media, which reported a net loss of $238.1 million for the second quarter of 2026, defended the service as a standard financial data product, dismissing the lawsuit as work of 'left-wing activists.'
- Legal pressure is mounting: The Intercept and the Freedom of the Press Foundation filed a similar federal lawsuit last month, while U.S. Senator Alex Padilla and U.S. Senator Mark Warner have urged Congress to prohibit the service.
35 Articles
35 Articles
The city’s attorney, David Chiu, filed the lawsuit on Monday against Trump Media & Technology Group (TMTG), of which Trump owns 41%. TMTG owns Truth Social, the network that the president usually uses to publish messages. The lawsuit is directed especially against Truth API, a product launched in July. The payment service, which costs up to $100,000 a month, allows subscribers to view Trump’s publications, Vice President JD Vance and other influ…
Zero Hedge
BizTocSan Francisco Sues Truth Social Over Early Access To Trump's Posts
San Francisco Sues Truth Social Over Early Access To Trump's Posts Authored by Jill McLaughlin via The Epoch Times, San Francisco filed a lawsuit Sept. 22 against the parent company of Truth Social over President Donald Trump's posts, claiming the company created a corrupt business scheme through its $100,000-per-month Truth API plan that allows subscribers to get his posts before they become public. City Attorney David Chiu claims in the lawsui…
San Francisco Sues Trump Media Over Truth Social Trading Advantage
SAN FRANCISCO, California — San Francisco is suing Trump Media & Technology Group, alleging its $100,000-per-month Truth Social data service creates an unfair trading advantage by allowing paying investors to receive President Donald Trump’s potentially market-moving posts before the general public. City Attorney David Chiu filed the lawsuit in California Superior Court against Trump Media, which operates Truth Social. The complaint alleges the …
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