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5h ago

Press Groups Sue to Block Truth Social’s Paid 'Truth API'

They say selling prioritized, early access to the president’s posts for up to $100,000 a month could let the president profit from unequal access to market-moving government communications.

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Overview

  • The Intercept and the Freedom of the Press Foundation filed suit in New York on Wednesday seeking an injunction and a ruling that exclusive publication of government information on Truth Social is unconstitutional.
  • Trump Media launched the Truth API earlier this month as a paid real-time feed that it says will deliver posts with market-moving potential to customers for between $60,000 and $100,000 per month.
  • Plaintiffs argue the plan is corrupt because President Trump is the largest shareholder in Trump Media and could personally benefit if buyers gain faster access to government statements that move markets.
  • Trump Media defends the product as a common monetization tool, saying presidential posts appear across many outlets and that the API simply reduces delivery latency for paying customers.
  • The dispute has prompted scrutiny from lawmakers and regulatory watchers and could lead to court rulings, SEC interest, or new legislation while several trading firms reportedly evaluate whether to buy the feed.