Trump Media early access lawsuit
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Trump Media CEO defends selling faster access to Truth Social posts
McGurn said the number of customer agreements had reached the mid-teens and was climbing.
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
The lawsuit asks that Trump Media be forced to end the paid service called Truth API.
The new subscription service charges Wall Street firms as much as $100,000 a month.
Trump is the largest shareholder of Trump Media, owning more than 40% of its shares through a trust.
“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
Trump reported more than $1.4 billion in income from his family's crypto ventures in his most recent financial disclosures.
The Donald J. Trump Revocable Trust holds roughly 114.75 million shares, representing about 41% of all outstanding stock in TMTG.
Senator Elizabeth Warren called the arrangement an egregious scheme to profit off the presidency and enrich Wall Street.