Trump Media early access lawsuit
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Trump Media CEO defends selling faster access to Truth Social posts
The service is called Truth API and costs up to $100,000 per month.
Trump is a top shareholder in TMTG, with his stake held in a revocable trust.
Two weeks earlier, McGurn said more than 10 customer agreements had been signed during Trump Media's first-ever quarterly earnings call.
Lawsuit seeks to ban Trump Media from charging for early access to president's posts
Trump Media benefits from a deal with Trump that gives Truth Social six hours of exclusive access to his posts before he can distribute them elsewhere.
Trump is the largest shareholder of Trump Media, owning more than 40% of its shares through a trust.
Trump Media & Technology said selling fast access to traders is common in its industry.
“A president selling priority access to news he himself generates for the benefit of a private company he controls is so blatantly corrupt and unconstitutional that it would have been hard to even fathom just a few years ago,”
Trump Media pitched $100,000 monthly fee for fastest feed of U.S. president's posts
The Financial Times reported the discussions on the $100,000 subscription fee earlier on Thursday.
Senator Ron Wyden said the plan would financially benefit the Trump family and make Wall Street traders rich.
Trump Media discussed charging Wall Street traders and investment firms as much as $100,000 per month for faster access to the U.S. president's posts on Truth Social.