Now Reading: Trump sued over $100,000 Truth Social early access plan
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Trump sued over $100,000 Truth Social early access plan
Two US media groups, The Intercept and the Freedom of the Press Foundation, sued President Donald Trump on Wednesday over Trump Media and Technology Group's paid service that gives subscribers seconds-early access…
The Story in Brief
Two US media groups, The Intercept and the Freedom of the Press Foundation, sued President Donald Trump on Wednesday over Trump Media and Technology Group's paid service that gives subscribers seconds-early access to his Truth Social posts. The lawsuit, filed in a New York federal court, calls the scheme 'profoundly corrupt' and unconstitutional. It says early access to Trump's often market-moving posts, which have covered everything from Iran developments to trade tariffs, gives paying clients an unfair financial edge over the public.
The service, called Truth API and launched in mid-July, costs up to $100,000 per month. More than ten firms have already signed up, the lawsuit says. Trump Media and Technology Group has defended the product, saying it is designed for businesses that need quicker data feeds.
The Indian Opinion
Framing this as either a harmless data product or a brazen corruption scheme misses the real test. Trump has repeatedly used Truth Social to announce policies that swing markets. If seconds of early access can be monetised without disclosure, every presidential social media account becomes a paid news wire. The lawsuit forces a simple question: is a government official selling early access to his own official statements a form of insider trading? The court battle should answer that.
Sources (3): livemint.com, ndtv.com, timesnownews.com
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.
