Trump Sued over Truth Social's Real-Time Feed for Traders

Dow Jones08-13

Two media organizations on Wednesday sued President Trump over his namesake company's real-time feed of top Truth Social accounts, arguing that selling preferential access to the president's statements is unconstitutional.

The Intercept news organization and nonprofit Freedom of the Press Foundation alleged that Trump Media's Truth API, which delivers a machine-readable feed of top Truth Social posts within milliseconds, violates the First and Fifth Amendments. The plaintiffs said delayed access to the president's statements would harm their ability to produce or support journalism.

Trump Media, in which the president has a 41% stake through his trust, said this week that more than 10 customers have signed up for the recently launched service. With clients such as high-frequency trading firms paying at least $60,000 a month, the product would mark one of the few ways in which Trump Media has been able to create revenue since going public in 2024.

Trump Media shares were down about 6% midday. The company and the White House didn't immediately respond to requests for comment.

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