San Francisco sues Trump Media over paid early access to presidential posts
The city of San Francisco filed a lawsuit in California state court against Trump Media & Technology Group on Monday regarding the sale of early access to President Donald Trump's social media posts.
Lawsuit alleges corrupt business scheme
San Francisco officials accuse the company of running a corrupt business scheme that violates California's Unfair Competition Law. The lawsuit also claims the practice breaches federal ethics and anti-corruption laws prohibiting insider trading.
Paid service grants early access
Trump Media launched a Truth API feed that charges select customers $100,000 a month for priority content. This fee provides users with early access to the ten most influential accounts on the platform, including those of White House officials.
Company admits market impact
Kevin McGurn, the interim CEO, stated that markets already move based on posts appearing on Truth Social. The city argues this influence allows the company to profit from information before it reaches the general public.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- The Verge
- The Hill
Reported by
2 independent outlets. Headlines as published. Links open the original report.