San Francisco sues over Trump's API subscription for Truth Social
One of California’s biggest cities on Monday filed a lawsuit challenging President Donald Trump’s media company’s right to offer paid subscription services, alleging it promotes illegal insider trading.
TL;DR
- San Francisco has sued Trump Media & Technology Group (TMTG) over its Truth API subscription service.
- The service offers paid, instant access to posts from government officials on Truth Social for $60,000-$100,000 per month.
- The lawsuit alleges the service promotes illegal insider trading and violates California's Unfair Competition Law.
- City Attorney David Chiu described the service as "corruption" and a "pay-to-play scheme."
- TMTG dismissed the lawsuit, criticizing the plaintiffs and asserting a distinction between public and nonpublic information.
- The Intercept and Freedom of the Press Foundation have also filed a lawsuit against the service, citing First and Fifth Amendment violations.