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Trump Sued Over Paid Access to Truth Social Posts as Media Groups Seek to Shut Down President's Market-Moving Content: 'Scheme is Profoundly Corrupt'
Benzinga7h agoneutral
Trump Sued Over Paid Access to Truth Social Posts as Media Groups Seek to Shut Down President's Market-Moving Content: 'Scheme is Profoundly Corrupt'

Donald Trump is facing a federal lawsuit from two media organizations seeking to stop his company from selling paying customers faster access to his Truth Social posts. Truth API Faces First Amendment Challenge On Wednesday, The Intercept and the Freedom of the Press Foundation filed the lawsuit in Manhattan federal court, targeting Truth API, a service launched by Trump Media and Technology Group Corp. (NASDAQ:DJT) on Aug. 1. The service charges between $60,000 and $100,000 a month for early ac

Trump Sued Over Truth Social’s Real-Time Feed for Traders
The Wall Street Journal16h agoneutral
Trump Sued Over Truth Social’s Real-Time Feed for Traders

Two media organizations on Wednesday sued President Trump over his namesake company’s real-time feed of top Truth Social accounts, arguing that selling preferential access to the president’s statements is unconstitutional. The Intercept news organization and nonprofit Freedom of the Press Foundation alleged that Trump Media’s Truth API, which delivers a machine-readable feed of top Truth Social posts within milliseconds, violates the First and Fifth Amendments. Trump Media said this week that more than 10 customers have signed up for the recently launched API service.

Trump Media pitched $100,000 monthly fee for 'fastest' feed of US president's posts, FT reports
Reuters26d agoneutral
Trump Media pitched $100,000 monthly fee for 'fastest' feed of US president's posts, FT reports

Donald Trump's social media company has discussed charging traders and investors as much as $100,000 a month for faster access ‌to the U.S. president's posts on his Truth Social platform, ‌the Financial Times reported on Friday. Trump Media & Technology Group, which owns Truth Social, did not immediately ​respond to a Reuters request for comment. The company on Thursday unveiled a paid-for, licensed data feed called "Truth API" to provide banks and trading firms "the fastest" ‌access to posts from ⁠influential Truth Social accounts.

Trump Media Pauses Truth Social Spinoff
The Wall Street Journal63d agoneutral
Trump Media Pauses Truth Social Spinoff

Trump Media & Technology said Wednesday that it is no longer trying to spin off Truth Social following a proposed merger with a nuclear-fusion firm. The pause marks another U-turn for President Trump's namesake company, whose shares are down 38% this year. After Trump Media in December announced a plan to combine with TAE Technologies, executives said they were trying to split assets including the business's social-media arm into a separate company through a SPAC deal.

Trump Media Stock Is at an All-Time Low
The Wall Street Journal85d agoneutral
Trump Media Stock Is at an All-Time Low

While President Trump's money managers have been busy piling into stocks, shares in the president's own company have been unloved as of late. The stock has been volatile ever since it started trading under the ticker DJT (the president's initials) over two years ago. DJT is widely seen as a proxy for Trump, whose family has a near-majority stake in the company.