Trump's $100,000-A-Month Truth Social Scheme Blows up as Lawsuit Accuses Him of Selling Access To Market-Moving Posts
A federal lawsuit alleges Donald Trump is selling privileged access to his market-moving Truth Social posts for up to $100,000 a month.Summary
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. The service, Truth API, delivers posts directly to customers' systems, potentially giving them a head start of milliseconds over ordinary users. The lawsuit, filed by The Intercept and the Freedom of the Press Foundation, describes the paid service as 'extraordinary, corrupt and unconstitutional', arguing that the government should not give paying customers privileged access to presidential announcements. The plaintiffs accuse Trump of selling priority access to information he generates as president for the benefit of a private company he controls. Trump owns roughly 41% of Trump Media & Technology Group through a revocable trust, creating a central conflict alleged by the plaintiffs: Trump generates the posts, Trump Media sells faster access to those posts, and Trump has a major financial interest in the company collecting the revenue. The controversy also involves a six-hour exclusivity arrangement on the platform. Trump Media rejects the accusations, arguing that Truth API simply provides faster access to publicly available data and that subscription APIs are common across industries. The case has drawn scrutiny from Capitol Hill, with Senator Mark Warner warning of a 'very troubling form of information asymmetry'.
(Sourceļ¼International Business Times)