Overview
- The Intercept and the Freedom of the Press Foundation filed a lawsuit in New York on Wednesday arguing that Trump Media’s paid feed is “extraordinary, corrupt and unconstitutional.”
- Trump Media introduced the product, called Truth API, in mid‑July as a licensed real‑time feed of posts from the platform’s highest‑reach accounts that it markets to traders and financial news firms.
- Multiple reports say the exclusive feed is priced at roughly $60,000 to $100,000 per month and the company says it already has more than ten paying customers.
- Plaintiffs say the service could let paying clients get immediate access to market‑moving or government announcements that the president posts on Truth Social and that this creates a financial conflict of interest.
- The lawsuit is pending and could force courts to decide how normal commercial data sales apply when the platform owner is the sitting president; regulators, markets and newsrooms are likely to watch for rulings or disclosures that limit privileged access.