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Trump Media

All articles tagged with #trump media

politics11 days ago•3 min saved

Trump Names Conservative Commentator Katie Zacharia as Sixth White House Press Secretary

Donald Trump has appointed conservative commentator Katie Zacharia as his sixth White House press secretary, replacing Karoline Leavitt. Zacharia, a 42-year-old former DHS spokesperson and current communications adviser for Trump Media, is described by the president as a 'devoted fan' of the MAGA movement. The appointment follows weeks of speculation and comes amid falling approval ratings and upcoming midterm elections.

via BBC|

#donald-trump #karoline-leavitt #katie-zacharia

politics11 days ago•396 min saved

Trump Names Conservative Commentator Katie Zacharia as New White House Press Secretary

President Donald Trump has appointed Katie Zacharia as the new White House press secretary, replacing Karoline Leavitt. Zacharia, a conservative commentator and senior communications adviser for Trump Media & Technology Group, will begin her duties on Monday. The appointment follows a brief search where several candidates were disqualified for past criticism of the president.

via NBC News|

#conservative-media #karoline-leavitt #katie-zacharia

politics25 days ago•20 min saved

Truth API Draws Criminal and Civil Fire as Prosecutors and California Challenge Trump Media

A coalition of 53 former federal prosecutors and agents has filed an amicus brief in a federal lawsuit against Trump Media & Technology Group, arguing that the 'Truth API' service, which charges $100,000 monthly for early access to presidential posts, likely violates federal securities and anti-corruption laws. Simultaneously, San Francisco has sued the company in state court, alleging the scheme violates California’s Unfair Competition Law by creating a marketplace for insider trading. The federal suit, brought by the Intercept and Freedom of the Press Foundation, seeks a preliminary injunction, with a hearing scheduled for October 7.

via Yahoo Finance|

#first-amendment #insider-trading #politics

politics27 days ago•1 min saved

Truth Social Pay-to-Play Scheme Faces Federal and State Legal Challenges

Trump Media’s $100,000 monthly subscription for early access to presidential posts is facing multiple lawsuits alleging corruption and insider trading. White House aide Natalie Harp is named as a defendant in federal and state suits. Former federal prosecutors argue the scheme likely violates criminal laws, while regulators and lawmakers call for investigations.

via Daily Kos|

#donald-trump #insider-trading #natalie-harp

politics-and-law28 days ago•2 min saved

San Francisco and Federal Groups Challenge Trump's $100k Truth API Subscription

San Francisco’s city attorney has sued Trump Media & Technology Group to block the 'Truth API,' a $100,000 monthly subscription that grants early access to President Trump’s posts. The lawsuit argues this service facilitates insider trading and violates California’s Unfair Competition Law. Simultaneously, a federal lawsuit challenges the service as unconstitutional, with former federal prosecutors filing an amicus brief claiming the scheme likely violates federal securities and anti-corruption laws. Trump Media, in which the President holds a 41% stake, faces potential civil penalties and injunctions.

via Bloomberg Law News|

#insider-trading #politics-and-law #san-francisco

politics29 days ago•2 min saved

Former Federal Prosecutors Argue Trump Media's Truth API Scheme Likely Violates Criminal Laws

A group of 53 former federal prosecutors and agents filed a court brief arguing that Trump Media & Technology Group’s Truth API service likely commits federal crimes by selling Wall Street investors early access to President Trump’s Truth Social posts. The service charges subscribers $100,000 for real-time access to posts from top accounts, which the former officials claim violates anti-corruption laws, the Securities Exchange Act, and the Trade Secrets Act. They contend that selling market-moving information before it is public creates criminal liability for both the executive branch and the paying subscribers. This legal challenge supports a lawsuit filed by The Intercept and the Freedom of the Press Foundation, which seeks to block the service as unconstitutional. A hearing on the request for a preliminary injunction is scheduled for October 7 in the Southern District of New York.

via cbsnews.com|

#federal-court #insider-trading #politics

politics1 month ago

Truth API Customer Count Rises to Mid-Teens as Legal and Regulatory Scrutiny Intensifies

Trump Media’s interim CEO confirmed that customer subscriptions for the Truth API, a service providing faster access to presidential posts, have increased to the mid-teens. This growth occurs despite ongoing legal challenges and regulatory inquiries regarding the service's fairness and constitutionality.

via CNBC|

#first-amendment #market-integrity #politics

politics2 months ago•8 min saved

Lawsuit and Criticism Target Trump Media’s Paid Early-Access to Truth Social Posts

Trump Media is selling early access to President Trump’s Truth Social posts for up to $100,000 a month, drawing a federal lawsuit and sharp criticism from lawmakers and media outlets. The product, Truth API, grants subscribers milliseconds of advance notice on posts that often contain policy announcements, executive orders, and personnel changes. Critics argue this creates an unfair advantage for Wall Street traders and violates constitutional rights to equal access to government information. While the White House has not responded to requests for comment, the controversy highlights tensions between private media ownership and public accountability.

via HuffPost|

#first-amendment #jamie-raskin #politics

politics2 months ago•2 min saved

Federal Suit Challenges Trump's Paid Truth Social Access Scheme

The Freedom of the Press Foundation and The Intercept have filed a federal lawsuit in New York against President Donald Trump and his staff, alleging that the sale of early access to his Truth Social posts violates the First and Fifth Amendments. The plaintiffs argue that charging up to $100,000 monthly for advance notifications of government policy announcements creates an unconstitutional paywall for public information. Trump Media defends the service, known as Truth API, as a standard industry practice for delivering machine-readable feeds, while critics highlight the potential for market manipulation and the erosion of equal access to presidential communications.

via Freedom of the Press Foundation|

#first-amendment #freedom-of-the-press-foundation #politics

politics2 months ago•21 min saved

Federal suit challenges Trump Media’s $100k monthly Truth API subscription

A federal lawsuit filed in New York alleges that Trump Media’s paid 'Truth API' service violates the First and Fifth Amendments by selling early access to presidential posts for up to $100,000 a month. The suit claims this creates an unconstitutional paywall for government information, while the company defends it as a standard data feed. Democratic lawmakers have separately urged the SEC to investigate potential securities law violations.

via The Washington Post|

#first-amendment #politics #securities-law

politics2 months ago•11 min saved

Federal Suit Alleges Trump Profits from 'Corrupt' Sale of Early Access to Truth Social Posts

A federal lawsuit filed in the Southern District of New York challenges Trump Media & Technology Group's 'Truth API' service, which charges up to $100,000 monthly for early access to President Trump's Truth Social posts. Plaintiffs, including The Intercept and the Freedom of the Press Foundation, argue the scheme violates the First and Fifth Amendments by selling government information to wealthy subscribers. The service, launched in August 2026, has secured over 10 customers, raising concerns about market manipulation and conflicts of interest given Trump's significant stake in the company.

via Yahoo Finance|

#first-amendment #politics #securities-regulation

politics2 months ago•8 min saved

Federal Suit Challenges Trump Media’s Paid Truth API as Unconstitutional

The Intercept and the Freedom of the Press Foundation sued Donald Trump and Trump Media & Technology Group (TMTG) in federal court, alleging that the 'Truth API' service violates the First and Fifth Amendments. The service charges subscribers up to $100,000 monthly for early access to the president’s posts, which often contain official policy announcements. Plaintiffs argue this creates an unconstitutional paywall for government information, while TMTG defends the practice as standard business monetization.

via The Independent|

#donald-trump #first-amendment #politics

legal-and-politics2 months ago•18 min saved

Federal Suit Challenges Trump's Paid Truth Social Feed as Unconstitutional Market Advantage

Media organizations have sued President Trump and his social media team, alleging that the paid 'Truth API' service violates the First and Fifth Amendments by selling early access to official presidential statements. The lawsuit, filed in the Southern District of New York, argues that charging up to $100,000 monthly for milliseconds of speed creates an unconstitutional barrier to public information. While Trump Media claims the service is a standard business practice, critics and lawmakers warn it compromises market fairness and misuses government records for private profit.

via Yahoo Finance|

#first-amendment #legal-and-politics #media-freedom

business2 months ago•333 min saved

Wall Street pays up to $100K monthly for real-time Trump Truth Social posts via API

Trump Media says Wall Street firms have signed more than 10 deals to access Truth Social posts in real time through an API, with fees around $60,000–$100,000 per month. The data feed, aimed at giving high-frequency traders milliseconds of edge, could become a meaningful revenue driver as the company seeks to expand API access to news outfits and AI firms. Regulators, led by Elizabeth Warren and Adam Schiff, have urged SEC scrutiny over whether the arrangement is legal, while Truth Social remains a small, loss-making platform with modest traffic compared to rivals like X.

via CNN|

#api #business #high-frequency-trading

finance2 months ago•12 min saved

Trump Media pivots after a heavy quarter, refocusing on Truth Social and data APIs

Trump Media & Technology Group posted a $238 million loss in the June quarter as it abandons several new ventures (online betting and crypto) to refocus on Truth Social. New CEO Kevin McGurn said the company will prioritize its social platform, while launching Truth API to sell real-time data access to traders for $60,000–$100,000 per month, with about 10 customers and potential $7–12 million in yearly revenue. Much of the quarter’s losses came from unrealized crypto drops (Bitcoin and Cronos); excluding those items, operating losses were $164 million. Revenue was $1.7 million for the quarter. The company carries about $1 billion in debt but has over $400 million in cash and $1.2 billion in bitcoin assets, and it still aims to merge with fusion firm TAE Technologies for long-term value. Political scrutiny over the business remains a risk, with Democrats signaling investigations if they gain Congress.

via Yahoo Finance|

#cryptocurrency-losses #finance #kevin-mcgurn