San Francisco sues Trump Media for selling early access to Trump posts
News Source
β’2026-09-22T13:43:50-04:00
π° What Happened
San Francisco is suing Trump Media, the company behind Truth Social. The city says the firm sold early access to Donald Trump's posts, which it calls a corrupt business scheme. The case was filed on Sep 22, 2026.
The service, called Truth API, costs some customers $100,000 a month. The city says early access lets traders profit from news before the public sees it. It wants the service stopped and fines of $2,500 per breach.
π The Backstory
Trump often posts market-moving news on Truth Social. The lawsuit points to August 21st, when he said he would cut tariffs on some ground beef imports. Cattle prices fell soon after.
Trump Media lost more than $238 million earlier this year, and the city says the feed is a way to make money. The Intercept and the Freedom of the Press Foundation filed a separate suit in August.
π― Why It Matters
If insiders get the president's posts first, ordinary investors trade at a disadvantage. The case tests whether selling fast access to public statements is legal.
San Francisco is suing Trump Media, the company behind Truth Social. The city says the firm sold early access to Donald Trump's posts, which it calls a corrupt business scheme. The case was filed on Sep 22, 2026.
The service, called Truth API, costs some customers $100,000 a month. The city says early access lets traders profit from news before the public sees it. It wants the service stopped and fines of $2,500 per breach.
Trump often posts market-moving news on Truth Social. The lawsuit points to August 21st, when he said he would cut tariffs on some ground beef imports. Cattle prices fell soon after.
Trump Media lost more than $238 million earlier this year, and the city says the feed is a way to make money. The Intercept and the Freedom of the Press Foundation filed a separate suit in August.
If insiders get the president's posts first, ordinary investors trade at a disadvantage. The case tests whether selling fast access to public statements is legal.