Lawsuit seeks to ban Trump Media from charging for early access to president's posts on US policy
AI Generated Image

Lawsuit seeks to ban Trump Media from charging for early access to president's posts on US policy

AP News general

Key Points:

  • President Donald Trump faces a federal lawsuit aiming to stop him from profiting through a new paid service at his Truth Social platform that offers early, exclusive access to his posts on U.S. policy matters like war and tariffs.
  • The lawsuit argues that this service violates the Constitution by denying equal access to official announcements, charging Wall Street firms up to $100,000 monthly for market-moving information before the public.
  • Plaintiffs claim the service infringes on First Amendment rights and the Fifth Amendment's protection against unreasonable conditions for government benefits, seeking to end the paid "Truth API" service and exclusive early posting privileges on Truth Social.
  • Trump Media & Technology defends the practice as common in the industry and accuses plaintiffs of attempting to censor the president, while the company struggles financially with significant quarterly losses and a steep stock price decline.
  • The lawsuit also names Trump's deputy chief of staff and executive assistant as defendants, highlighting ongoing ethical concerns about Trump profiting from his presidency through various ventures, including cryptocurrency-related businesses.

Trending Business

Trending Technology

Trending Health