Two media organizations filed a lawsuit against US President Trump on Wednesday to shut down a new service. The service sells users paid access to presidential posts on Trump's truth social networking platform. Some of these posts may have an impact on financial markets. A lawsuit filed by the Interception and Freedom of the Press Foundation in the Manhattan federal court challenges the “Truth API” service. This service is provided by Trump Media Technology Group and costs up to $100,000 per month. Users can obtain the content of 10 high-profile Truth Social accounts in advance, including Trump's account. Other defendants in the lawsuit include several White House officials, but Trump Media Technology Group was not listed as a defendant. Trump has been using Truth Social for a long time to publish news that may affect the market, such as information on tariff policies and the Middle East conflict. This news may affect the stock market, oil market, and other market prices. The lawsuit, filed on Wednesday, seeks to ban the White House from exclusively publishing official government announcements by Truth Social while the paid push feature exists. The plaintiff stated in the lawsuit that the “Truth API” service was “extremely corrupt” because the president would profit from it when users paid for a subscription.

Two media organizations filed a lawsuit against US President Trump on Wednesday to shut down a new service. The service sells users paid access to presidential posts on Trump's truth social networking platform. Some of these posts may have an impact on financial markets. A lawsuit filed by the Interception and Freedom of the Press Foundation in the Manhattan federal court challenges the “Truth API” service. This service is provided by Trump Media Technology Group and costs up to $100,000 per month. Users can obtain the content of 10 high-profile Truth Social accounts in advance, including Trump's account. Other defendants in the lawsuit include several White House officials, but Trump Media Technology Group was not listed as a defendant. Trump has been using Truth Social for a long time to publish news that may affect the market, such as information on tariff policies and the Middle East conflict. This news may affect the stock market, oil market, and other market prices. The lawsuit, filed on Wednesday, seeks to ban the White House from exclusively publishing official government announcements by Truth Social while the paid push feature exists. The plaintiff stated in the lawsuit that the “Truth API” service was “extremely corrupt” because the president would profit from it when users paid for a subscription.