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Trump sued over Truth Social's $100,000 early access service

A lawsuit filed against Trump Media challenges a Truth Social plan that sells paying subscribers early access to President Trump's market-moving posts for $100,000. The suit argues the scheme creates an unfair information advantage.

A gavel resting on a desk in a courtroom setting
A gavel resting on a desk in a courtroom settingPhoto: KATRIN BOLOVTSOVA / Pexels
BBC Business1 h agoDJT

A lawsuit filed against Trump Media, the parent company of Truth Social, targets a new service that sells subscribers early access to presidential posts capable of moving markets. Plaintiffs argue the $100,000 annual membership creates an unfair informational edge over ordinary investors.

The service, quietly announced in July, gave paying subscribers the ability to see Trump's posts several minutes before other users. Critics point to instances where presidential statements moved stock markets instantly, arguing the gap could offer meaningful profit opportunities.

A Trump Media spokesperson has not yet responded to the allegations. Legal experts say how the case intersects with securities law's "fair disclosure" principles will be a decisive question before the court.

RegulationTechDJTNorth AmericaBBC Business
This article is an AI-curated summary of the original story published by BBC Business. The illustration is a stock photo by KATRIN BOLOVTSOVA from Pexels and is not from the original story.

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