Trump sued over $100,000-a-month Truth Social early-access service
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A lawsuit filed in New York alleges that a paid data feed on Truth Social gives subscribers privileged, faster access to presidential posts, raising corruption and constitutional concerns.
A federal lawsuit in the Southern District of New York accuses President Donald Trump and his aides of selling early access to posts on the Truth Social platform for up to $100,000 a month. The complaint, brought by the Intercept and the Freedom of the Press Foundation, targets the "Truth API" data feed launched by Trump Media & Technology Group on Aug. 1, which provides subscribers faster access than the public to posts from Trump and other senior officials, including the vice president and press secretary.
Subscribers pay $100,000 a month, or $60,000 a month for a three-year commitment, and receive an archive of posts dating back to 2022, including content later deleted or altered. The plaintiffs argue that the arrangement allows the president, who holds roughly a $1 billion stake in Trump Media, to profit from information generated in his official capacity and could constitute market manipulation.
"high-margin" product meant to provide a "meaningful, ongoing source of revenue", interim chief executive Kevin McGurn said, describing the service as a way to give businesses fast access to the platform's "most market-moving" posts.
Democratic senators have urged the Securities and Exchange Commission to examine whether the service benefits insiders at the expense of ordinary investors. The suit seeks a court declaration that the arrangement is unlawful and requests that the administration be barred from using Truth Social as the exclusive venue for official announcements while selling preferential access.