Trump sued over "brazen" scheme to sell Truth Social API access for $100K a month
Summary
President Trump is being sued by nonprofit news groups over his social media platform Truth Social’s new “Truth API,” which sells early access to posts for up to $100,000 a month. The lawsuit claims this practice gives paying customers an unfair advantage by receiving important government information first, which may influence financial markets.Key Facts
- Truth Social sells early access to posts from President Trump and other top users through the “Truth API.”
- Customers, mainly high-frequency trading firms, pay up to $100,000 a month for this priority access.
- The lawsuit alleges President Trump is profiting by selling government information before the public can see it.
- The nonprofit groups filing the suit are The Intercept and the Freedom of the Press Foundation.
- The lawsuit argues this practice violates the U.S. Constitution by denying equal access to official government news.
- Truth Social plans to block other ways to access deleted or edited posts, making the paid API the only option.
- The case was filed in the U.S. District Court for the Southern District of New York.
- Trump Media & Technology Group reported $1.7 million in revenue and a $238.1 million net loss in the second quarter but expects the API to increase cash flow.
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