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Trump frequently uses Truth Social to make major announcements, including statements on the Iran war and trade tariffs.
An illustration showing a picture of US President Donald Trump on a screen and an AI-generated picture he posted on his Truth Social platform depicting himself as Jesus Christ. (AFP photo)
US President Donald Trump has been sued by two US media groups over a plan to charge up to $100,000 a month for early access to his posts on Truth Social, which can move financial markets within seconds.
The lawsuit, filed in New York on Wednesday by The Intercept and the Freedom of the Press Foundationdescribes the scheme as “extraordinary, corrupt and unconstitutional”.
Paid Access To Trump’s Posts
The service, known as Truth API, is designed to give paying subscribers almost immediate access to Trump’s posts before they are available to the wider public.
Trump frequently uses Truth Social to make major announcements, including statements on the Iran war and trade tariffs. Such posts can have an immediate impact on markets, making early access potentially valuable to traders and financial firms.
According to the lawsuit, access costs up to $100,000 a month, or $60,000 a month for customers who commit to a three-year deal.
The court filing argued that Trump could personally benefit by providing “market-moving” government information to customers willing to pay his company.
“This scheme is profoundly corrupt. The President stands to gain financially by giving ‘market-moving’ government information to those who are willing and able to pay his personal company,” a court filing said.
Trump Media & Technology Group, which operates Truth Social, has dismissed concerns over the service.
Media Groups Seek To Block Service
The Intercept and Freedom of the Press Foundation said the paid service could affect their ability to report on Trump in a timely manner. They have asked the court to declare Truth API unlawful and prevent further posts from being offered through the service.
Several Democratic lawmakers have also called for a Securities and Exchange Commission investigation.
Trump Media interim CEO Kevin McGurn said the service had already secured 10 customer agreements, although he did not name the clients. Trading companies were reportedly among its first subscribers.
The lawsuit comes days after Trump Media reported a ten-fold increase in losses for the second quarter of 2026, partly linked to falling values of its digital assets.
(With inputs from AFP)
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